Wire · regulatory
Circle And Tether Freeze Bitget Exploiter 8 Wallet After $351.6 Million Hack
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Fusion42 · 26 September 2026 · Fusion42 review
Circle and Tether froze a wallet labeled 'Bitget Exploiter 8' holding about $318,000 in stablecoins after hackers stole approximately $351.6 million from Bitget. Bitget linked the hack to a backend system compromise and identified connections to a North Korean group, while other stolen Ethereum tokens remain unfrozen.
This Wire brief sits within Fusion42's coverage of Crypto & Web3.
◆ ◆ The Wire takeaway
You have a clear sign that stablecoin issuers can and will freeze hacker wallets rapidly, cutting off liquidity even in complex hacks. That makes reliance on stablecoin plumbing a double-edged sword for criminal actors and a trust anchor you can highlight with customers.
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1 source · 26 Sep 2026
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