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Wire · operational-macro

Circle and Tether freeze $318K of Bitget hack funds as $387.5M slips away

26 September 2026 · By · Wire by Fusion42

Published

26 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at cryptopolitan.com →

◆ Verified

Fusion42 · 26 September 2026 · Fusion42 review

Circle and Tether froze approximately $318,000 in USDC and USDT related to the Bitget exchange hack, while most of the stolen $387.5 million had already been converted into Ethereum and other untouchable assets.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.

◆ ◆ The Wire takeaway

You must act fast to secure assets because stablecoin issuers can freeze tokens only before hackers swap them to unfreezable cryptocurrencies. This exposes a critical window where your platform’s recovery tools can still stop thefts.

◆ Coverage

2 sources · 26 Sep 2026

◆ Related on Wire

◆ Topics

Fintechstablecoinscrypto-hackasset-freezecircletether