Tether is suspected of freezing 218000 tokens related to the Bitget theft case USDT
BIBIBI
AT A GLANCE
Community monitoring indicates that Tether froze 218,022.966977 tokens related to the Bitget theft case USDT。
Article
Tether is suspected of having frozen a Bitget hacker address, involving 218000 tokens USDT
PANews September 25 According to reports, community users monitoring the Bitget theft case said that both Circle and Tether have responded by freezing funds. As of today 13: 00（UTC+8), Circle has frozen approximately 100000 tokens USDC；20: 19（UTC+8), Tether further froze 218,022.966977 tokens USDT, involving the address 0xe07b…7d57. Monitoring shows that the attacker converted the stolen TRX in batches into USDT, after which the funds typically remained at controlled addresses for only approximately 1 to 8 minutes before being converted into BTC via Stargate or directly through THORChain. Therefore, Tether's window for freezing the relevant USDT is short. The remaining stolen funds have now been converted into BTC, or are mainly held in the form of ETH、DAI、XRP, which cannot be directly frozen by token issuers; if...
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Key points
01
Community users monitoring the case said that both Circle and Tether have responded by freezing funds in the Bitget theft case.
02
As of September 25 13: 00（UTC+8), Circle has frozen approximately 100000 tokens USDC。
03
September 25 20: 19（UTC+8), Tether has frozen 218,022.966977 tokens USDT。
04
The relevant address is 0xe07b…7d57.
05
Monitoring shows that the attacker once converted the stolen TRX in batches into USDT。
06
The text states that the remaining stolen funds have been converted into BTC, or are mainly held in the form of ETH、DAI、XRP.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A freeze means that the relevant USDT may be temporarily unable to be transferred further. The information in the text comes from community monitoring and concerns one stolen address and part of the funds.
Why it matters to readers
This indicates that some stolen USDT may have been restricted from transfer, but the text does not confirm that all stolen funds have been frozen or recovered.
Stablecoin issuers can sometimes restrict token transfers from specific addresses, but this does not mean that other crypto assets can be frozen in the same way.
Risks and unknowns
The evidence does not state whether Tether has officially confirmed this freeze.
The evidence does not state the total amount of funds stolen from Bitget or the final scale of losses.
The evidence does not state whether the remaining funds can be recovered.
The evidence does not state whether the freeze actually restricted transfers of the relevant USDT.
Related Developments
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Related concepts
USDT
The cryptocurrency asset held by the example wallet in the text.
