Investigator says Circle froze approximately 211000 USD of Bitget stolen USDC
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AT A GLANCE
The investigator said that Circle froze approximately Bitget related to stolen funds, totaling 211000 tokens USDC。
Article
Circle freezes again approximately Bitget related to stolen funds 211000 tokens USDC BlockBeats reports that September 29, on-chain investigator tanuki42 said that they coordinated with Circle to freeze another batch of funds related to Bitget stolen funds, totaling approximately 211000 USD USDC. The money launderers attempted to transfer the funds through CCTP between EVM and Noble, but because of Noble side's bridge capacity limit, one of the transfers became stuck on the bridge pending processing. The team used the window before the capacity reset to push Circle to blacklist the target address, preventing the transfer from completing settlement. At present, approximately 211000 USD remains stranded between Noble and Ethereum; recovery may subsequently be pursued through legal proceedings.
Original link https://m.theblockbeats.info/flash/369475
Key points
01
On-chain investigator tanuki42 said that they coordinated with Circle to freeze another batch of funds related to Bitget stolen funds, totaling approximately 211000 USD USDC。
02
The money launderers attempted to transfer funds through CCTP between EVM and Noble.
03
Due to Noble-side bridge capacity limit, one of the transfers became stuck on the bridge pending processing.
04
The team pushed Circle to blacklist the target address, preventing the transfer from completing settlement.
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Currently, approximately 211000 USD remains stranded between Noble and Ethereum.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report says that a batch of Bitget related to stolen funds USDC was obstructed during cross-chain transfer, after which Circle froze the target address; the funds have not yet completed settlement.
Why it matters to readers
The incident shows that the related USDC transfer may have been suspended due to bridge capacity restrictions and an address blacklist; whether the funds can be recovered remains subject to subsequent legal proceedings.
USDC is USD-denominated cryptocurrency; cross-chain transfer means moving assets from one blockchain network to another.
Risks and unknowns
The evidence explicitly shows only the on-chain investigator's statement; whether Circle,Bitget or law enforcement agencies have formally confirmed it is not stated.
The evidence does not state whether the funds can ultimately be recovered through legal proceedings.
Approximately 211000 USD is entirely Bitget stolen funds is not further stated in the evidence.
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USDC
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