Drift Hack

Major token issuers moved within hours to block nearly $3 billion tied to a $6.3 billion Binance theft linked to North Korean hackers. The response has intensified scrutiny over whether smaller victims receive the same urgency, and whether frozen funds can actually be recovered.

Circle and Tether have blacklisted a wallet tied to the Bitget exploit, trapping about $318,000 in USDT and USDC. The move addresses only a small portion of the stolen funds, with more than 63,000 ETH still sitting in exploiter addresses that cannot be frozen by an issuer.