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Stablecoin Issuers Blacklist Assets Linked to $351.6 Million Bitget Hack; Majority of Stolen Funds Remain Beyond Reach
In the wake of the massive security breach that saw cryptocurrency exchange Bitget lose approximately $351.6 million, stablecoin giants Circle and Tether have intervened by blacklisting a wallet address associated with the theft. While the move represents a proactive step in limiting the attacker’s ability to off-ramp stolen funds, industry experts have pointed out that…
