Circle and Tether froze approximately $318,000 in USDC and USDT stablecoins from a wallet tied to the Bitget exchange hack, using their token contract freeze functions. However, the wallet's 170 ETH and over 63,000 ETH in other exploiter addresses remain unfrozen, as issuers cannot freeze Ethereum itself. The Bitget hack, estimated at $387 million, is suspected to involve North Korea's Lazarus Group. Bitget's $464 million protection fund will cover losses. This rapid freeze response highlights the limits of centralized control over blockchain assets.
The Bitget hack and stablecoin freeze provide context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 26, 2026 00:21 WIB: 33 of 50 major cryptocurrencies rose while 16 fell. AAVE gained 6.79% to Rp2.762.838 with a typical hold time of 105 days, while ETC fell 5.86% to Rp167.967 and LTC dropped 5.74% to Rp1.248.122.
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