Hackers Discover One Weird Trick to Make $185M Disappear (Auditors HATE Him)
Halborn says $100 million of the stolen tokens became ETH so the stablecoins could not be frozen. Another $85 million was already ETH.
Halborn says about $100 million of the stolen tokens were swapped into ETH[1]. The swap kept USDT, USDC and their peers from being frozen[1]. The other $85 million was already ETH[1].
Bitget’s notice puts ETH withdrawals back on Ethereum, BSC, Arbitrum, Base and Optimism[2]. That starts at 08:00 UTC on September 29[2].
What to do: the same five chains open for ETH at 08:00 UTC on September 29, per Bitget’s notice[2].
Who gains, who loses
Receipts
Halborn reported that approximately $100 million of the stolen tokens were converted to ETH and that an additional $85 million was already ETH.
“After the attack, about $100 million of the stolen tokens were converted to ETH, largely to protect USDT, USDC, and similar assets from being frozen/blocklisted, and an additional $85 million was already ETH.”
Bitget scheduled ETH withdrawal resumption for September 29 at 08:00 UTC on Ethereum, BSC, Arbitrum, Base and Optimism.
“|29.09, 8:00|ETH|Ethereum BSC Arbitrum Base Optimism|”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.