WuBlockchain
Circle and Tether blacklisted an address labeled “Bitget Exploiter 8,” freezing 218,023 USDT and 99,990 USDC worth about $318,000 combined. Circle acted at 05:00 UTC on September 25, and MistTrack later confirmed Tether had also blacklisted the address.
Why it matters
The freeze shows how centralized stablecoin issuers can restrict funds at specific addresses. But the amount frozen is only a small fraction of the stolen assets, limiting the action’s reach.
Market impact
MistTrack data shows other attacker-linked addresses still hold more than 63,000 ETH, which stablecoin issuers cannot freeze. The gap highlights the limits of issuer intervention when stolen funds are held in assets outside their control.
Frequently asked questions
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How much did Circle and Tether freeze in funds linked to the Bitget hack?
They froze 218,023 USDT and 99,990 USDC, worth about $318,000 combined.
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Which address did Circle and Tether blacklist?
The address was labeled “Bitget Exploiter 8.”
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When did Circle freeze the funds?
Circle acted at 05:00 UTC on September 25. MistTrack later confirmed that Tether had also blacklisted the address.
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How much ETH remains in attacker-linked addresses?
MistTrack data shows that other attacker-linked addresses still hold more than 63,000 ETH.
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Why could stablecoin issuers not freeze the remaining ETH?
The remaining funds are held in ETH, which stablecoin issuers cannot freeze. The address freeze therefore covers only a small fraction of the stolen assets.
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