Wire · operational-macro
Circle and Tether Freeze $318000 From Bitget Hack as Loss Rises to $387.5 Million
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Fusion42 · 26 September 2026 · Fusion42 review
Circle and Tether have frozen approximately $318,000 in stablecoins linked to the Bitget hack, which has a total estimated loss rising to $387.5 million involving multiple cryptocurrencies. The freeze demonstrates the recovery advantage of centralized stablecoins but leaves most stolen assets, including ETH, outside reach.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
Stablecoin issuers like Circle and Tether can still freeze stolen assets, but your window to secure recoverable funds shrinks rapidly once hackers convert tokens into decentralised cryptocurrencies. You need to act fast on any frozen stablecoins if you operate in crypto asset recovery or custody.
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2 sources · 26 Sep 2026
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