This time, the Bitget hack once again highlights a unique value of ETH Looking at the on-chain data, the hacker quickly converted the stolen stablecoin assets into ETH at a 5% premium. The reason is pretty straightforward: USDT, USDC, and tokenized gold like XAUT all have issuers. Once stolen funds are identified, the issuers can freeze the transfer of those tokens. Native ETH, on the other hand, doesn’t have an issuer with a freeze switch and offers sufficient on-chain trading liquidity. So, in the eyes of hackers, ETH is the best intermediary asset. Back in early 2025, when Bybit was hacked, even Ben had to borrow ETH to handle the emergency.