Circle did not freeze the funds involved in the exchange hack, and the hacker has now bridged the funds to another chain.
On October 2, on-chain detective ZachXBT revealed that the attacker in a certain exchange hack incident swapped approximately 5 million DAI for about 5 million USDC, and kept these funds in USDC for 35 minutes. Since Circle did not conduct a compliance freeze, the funds were subsequently bridged to another chain. The hacker stole over 300 million US dollars from an exchange user by bribing customer service.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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