BitGo freezes USD1 at address linked to stolen funds
Photo: Crypto Briefing
The stablecoin's issuer says it found no security issue and is locking tokens at an address tied to stolen funds BitGo has frozen USD1 tokens held at a blockchain address linked to stolen funds. The custodian also said it found no security issue on its end. BitGo is the exclusive issuer and reserve custodian for USD1, the stablecoin tied to World Liberty Financial (WLFI). The freeze targets tokens at a single flagged address connected to stolen assets. The action is described as temporary. That leaves room for the tokens to be released or otherwise handled later.
Source: Crypto Briefing
