BitGo, the issuer and custodian of the USD1 stablecoin, has temporarily frozen tokens at a blockchain address connected to stolen funds. The freeze affects only one flagged address and is part of USD1's compliance framework, which allows authorized parties to block addresses for legal or risk reasons. BitGo confirmed no security issues on its end. Meanwhile, World Liberty Financial, which owns the USD1 brand, is preparing to take over issuance and custody from BitGo through its new trust company. Investors should watch for how the frozen tokens are handled and whether USD1's supply continues to decline amid ongoing redemptions.
The story on BitGo freezing USD1 tokens at an address linked to stolen funds provides context for readers following cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 30, 2026 04:51 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Balancer (BAL) rose 11.14% to Rp16.297, Curve DAO Token (CRV) fell 9.68% to Rp5.643 with 99% buy order activity, and Filecoin (FIL) fell 9.64% to Rp15.124 with 56% buy order activity.
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