Circle and Tether froze stablecoins tied to Bitget hack, but most funds moved away
Stablecoin issuers freeze funds linked to a Bitget hack
Circle and Tether, the companies behind two of the largest dollar-pegged stablecoins, froze stablecoins connected to a hack at the crypto exchange Bitget, according to a Decrypt report published on September 25, 2026. A stablecoin is a crypto token built to hold a value of about one US dollar.
Decrypt reported that most of the funds tied to the incident were not caught by the freezes and moved away.
What the Decrypt report says
- Circle and Tether froze stablecoins tied to the Bitget hack, Decrypt reported.
- According to the same report, most of the funds slipped away despite those freezes.
What is confirmed
The freezes are reported by Decrypt. The material available does not include statements from Circle, Tether or Bitget confirming the freezes.
What is still unclear
The available report did not include the size of the hack, which stablecoins were frozen, how much was frozen, or when the freezes took place. Those details are not reported here because they could not be confirmed from the available source material.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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