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Circle and Tether act to lock hacker's wallet following huge Bitget crypto robbery
In early June, the cryptocurrency exchange Bitget suffered one of the most significant thefts in recent memory, losing an estimated $1.2 billion in digital assets. The breach, which shocked the industry and prompted an immediate response from regulators and security experts, highlighted the vulnerability of centralized platforms that hold large sums of user funds. In the aftermath of the attack, …
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker's Wallet Following Large-Scale Bitget Crypto Theft
In the aftermath of one of the most significant cryptocurrency robberies of the year, two of the world’s leading stablecoin issuers, Circle and Tether, have taken decisive steps to mitigate the damage by blacklisting a digital wallet that was identified as belonging to the perpetrators. The incident, which targeted the Asian‑based exchange Bitget, resulted in the theft of an estimated $318,000 in…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Move to Lock Down Hacker’s Wallet Following Large Bitget Cryptocurrency Robbery
In the wake of a dramatic theft that rattled the cryptocurrency exchange Bitget, two of the most prominent stablecoin issuers—Circle, the creator of USDC, and Tether, the operator of USDT—have taken coordinated action to try to stem the flow of stolen funds. Their strategy centers on blacklisting a specific wallet that was identified as a primary repository for the illicit proceeds, a move that e…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker Wallet After Major Bitget Crypto Theft
In early June 2024, the cryptocurrency exchange Bitget suffered one of the most significant security breaches in recent memory, losing an estimated $140 million in digital assets. The attack, which targeted the exchange's hot wallet infrastructure, allowed the perpetrators to siphon a wide array of tokens, including Bitcoin (BTC), Ethereum (ETH), and several stablecoins such as Tether (USDT) and …
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker's Wallet Following Large-Scale Bitget Crypto Theft
In the wake of a dramatic breach that saw a substantial sum of digital assets siphoned from the Bitget exchange, two of the most influential players in the stablecoin arena—Circle, the issuer of USDC, and Tether, the creator of USDT—have taken decisive action to impede the further movement of the stolen funds. By adding the offending wallet to their respective blacklists, they have effectively im…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker Wallet Following Large-Scale Bitget Crypto Theft
In the wake of a high‑profile heist that targeted the Bitget cryptocurrency exchange, two of the most prominent issuers of stablecoins—Circle, the company behind USDC, and Tether, the creator of USDT—have taken decisive action to impede further illicit activity. Both firms announced that they have blacklisted a specific wallet address that was identified as a conduit for the stolen funds, effecti…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker Wallet Following Large-Scale Bitget Crypto Theft
In the wake of a high‑profile cyber‑theft that targeted the cryptocurrency exchange Bitget, two of the most influential issuers of stablecoins—Circle, the company behind USDC, and Tether, the issuer of USDT—have taken decisive steps to mitigate the damage by blacklisting a specific wallet that was used by the attackers. The move underscores the growing role that stablecoin issuers are playing in …
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether act to lock down hacker's wallet following huge Bitget crypto robbery
In the wake of a dramatic theft that rattled the cryptocurrency exchange Bitget, two of the most influential issuers of stablecoins—Circle, the company behind USDC, and Tether, the creator of USDT—took coordinated action to try to stem the flow of stolen funds. Their move centered on a single digital wallet that investigators believe belongs to the hacker or group responsible for siphoning a larg…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker Wallet Following Massive Bitget Crypto Heist
In the aftermath of one of the most high‑profile cryptocurrency thefts of the year, two of the world’s leading stablecoin issuers, Circle and Tether, have taken decisive action to impede the further movement of stolen assets. The two firms announced that they have blacklisted a digital wallet that was identified as the primary repository for roughly $318,000 worth of USDT (Tether) and USDC (Circl…
Sept. 25, 2026, 2:41 p.m.
Markets
Circle and Tether Act to Freeze Hacker's Wallet Following Major Bitget Crypto Theft
In the wake of a dramatic cryptocurrency robbery that targeted the Bitget exchange, two of the world’s most prominent stablecoin issuers, Circle and Tether, have taken decisive action to curb the further movement of the illicit proceeds. The hack, which unfolded earlier this year, resulted in the theft of a substantial sum of digital assets, prompting a coordinated response from the broader crypt…
Sept. 25, 2026, 2:41 p.m.