đš Circle & Tether Freeze Bitget-Linked Wallet
Circle and Tether have blacklisted a wallet linked to the recent Bitget exploit, freezing roughly $318,000 in USDC and USDT.
But hereâs the interesting part: the majority of the stolen assets were reportedly moved into ETH, which cannot simply be frozen by a stablecoin issuer.
This incident highlights an important crypto-security question:
đ How should the industry balance asset recovery, security, and decentralization?
What do you think?
$USDC
$USDT
#CircleTetherFreezeBitgetHackerWallet #BinanceSquareTalks
Circle and Tether have blacklisted a wallet linked to the recent Bitget exploit, freezing roughly $318,000 in USDC and USDT.
But hereâs the interesting part: the majority of the stolen assets were reportedly moved into ETH, which cannot simply be frozen by a stablecoin issuer.
This incident highlights an important crypto-security question:
đ How should the industry balance asset recovery, security, and decentralization?
What do you think?
$USDC
$USDT
#CircleTetherFreezeBitgetHackerWallet #BinanceSquareTalks
