Circle has frozen 100,000 USDC held at an address linked to stolen Bitget funds, according to SomaXBT, a contributor to crypto nonprofit Security Alliance. The wallet still holds about 218,000 USDT, prompting calls from the community for Tether to follow with its own freeze. SomaXBT had previously identified the wallet as a third-hop address connected to Bitget’s initial hacked address and said the funds had remained unmoved for more than 2.5 hours after being spotted. Crypto KOL tanuki42 also launched a "Circle vs Tether" tracking thread at the time, asking which issuer would freeze the related assets first. Circle has now acted on the USDC portion, while whether Tether will freeze the remaining USDT is still unclear.
Circle has frozen 100,000 USDC at an address linked to stolen Bitget funds, according to SomaXBT, a contributor to crypto nonprofit Security Alliance.
The address still holds about 218,000 USDT. That led to calls from the community for Tether to begin its own freeze process.
SomaXBT had previously said the wallet was a third-hop address connected to Bitget’s initial hacked address. He also said the funds had remained in place for more than 2.5 hours after the address was identified.
At the time, crypto KOL tanuki42 started a "Circle vs Tether" tracking thread and asked which of the two companies would freeze the related assets first.
Circle has now moved first by freezing the USDC in the address. Whether Tether will freeze the remaining roughly 218,000 USDT is still unresolved.
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