Geopolitics Alpha

Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away

Published . Updated .

The two stablecoin issuers blacklisted a wallet labeled "Bitget Exploiter 8," locking about $318,000 in USDC and USDT—but the attacker swapped most funds into unfreezable ETH before they could act.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TUR ISHARES INC

    GA selected TUR as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • SLV ISHARES SILVER TR

    GA selected SLV as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • QID PROSHARES TR

    GA selected QID as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • XLI SELECT SECTOR SPDR TR

    GA selected XLI as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FXI ISHARES CHINA LARGE-CAP ETF

    GA selected FXI as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • SPTE SP FUNDS S&P GLOBAL TECHNOLOGY ETF

    GA selected SPTE as a RELATED security because its canonical security name directly matches this event's themes: funds. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TUR———————
SLV———————
QID———————
XLI———————
FXI———————
SPTE———————

The two stablecoin issuers blacklisted a wallet labeled "Bitget Exploiter 8," locking about $318,000 in USDC and USDT—but the attacker swapped most funds into unfreezable ETH before they could act.

Source: Decrypt

Price since this story was published: Ishares (TUR)

Since the first closing price after “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away,” Ishares (TUR) is -10.29%. The S&P 500 fund (SPY) is +0.15% over the same days, a -10.43% difference versus the market.

TUR
SPY

Who gains and who loses around Ishares (TUR)

Companies carried with this story

  • TUR Ishares

    Ishares (TUR) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away.” Reason on file: GA selected TUR as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • SLV iShares Silver Trust

    iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away.” Reason on file: GA selected SLV as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • QID Proshares Tr

    For “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away,” Proshares Tr (QID) is linked, with no stored direction, medium confidence. Reason on file: GA selected QID as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • XLI Select Sector Spdr Tr

    In “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: GA selected XLI as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FXI Ishares China Large-Cap Etf

    In “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: GA selected FXI as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • SPTE Sp Funds S&P Global Technology Etf

    Sp Funds S&P Global Technology Etf (SPTE) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away.” Reason on file: GA selected SPTE as a RELATED security because its canonical security name directly matches this event's themes: funds. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Ishares (TUR)

“Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away” (25 Sep 2026) reaches Ishares (TUR) through this story.

For Ishares (TUR), the reason on file says GA selected TUR as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, iShares Silver Trust (SLV): GA selected SLV as a RELATED security because its curated list / industry / sector context matches this event (curated-list=funds). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Ishares (TUR)

QID traded between 12.41 and 14.82 across 12 sessions. The latest close on file is 14.00. SLV traded between 50.01 and 61.00 across 20 sessions. The latest close on file is 51.52. TUR traded between 31.78 and 37.86 across 20 sessions. The latest close on file is 31.79.

What the saved facts support for Ishares (TUR)

46 out of 100

“Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.