Security· ★★★★· bearish·

Bitget hacker swaps stolen USDC for ETH as Circle faces renewed freeze questions

  • —Bitget estimated the Sept. 24 breach at about $351.6 million
  • —Lookonchain valued stolen assets at $356.8 million, including 102.93 million XRP
  • —The hacker swapped USDC for ETH, bypassing a possible Circle block
  • —Circle says it freezes USDC only when legally compelled
Why it matters: The dispute over USDC freeze speed could push regulators to set clearer rules for stablecoin issuers.
#USDC#ETH#XRP
Source: crypto.news
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