Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

Crypto Insight Summary: The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Freezing stablecoins has limited market impact as most stolen funds are in ETH.