Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist
- Published
- Updated
- Since then
- 4 new reports
Circle and Tether froze about $318,000 in USDC and USDT tied to the Bitget hack on Sept. 25. The wallet held most of the blocked value in stablecoins, while the larger Bitget-linked haul was mostly in Ether, which these issuers cannot freeze. One traced address also still held 218,000 USDT after the freeze actions, with the funds idle for more than 2½ hours at 8:01 a.m. ET on Sept. 25.
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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 4.0 years ago | FTX · Phishing incident | $450M |
| 5.9 years ago | OneCoin · Scam incident | $440M |
| 44 days ago | Bitget · Internal system compromise incident | $351.6M |
| 4.8 years ago | Portal · Signature Verification Flaw incident | $326M |
| 2 months ago | Liquid Network · Unbacked Cross-Chain Mint incident | $320M |
4282 incidents stored · 22 were as large as this one or larger ($387.5M)