Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
The hacker behind crypto exchange Bitget’s $388 million breach has moved about $83 million in stolen XRP out of three holding wallets, leaving another $75 million in accounts that cannot be frozen under the network’s existing rules.
Key facts
- The hacker behind crypto exchange Bitget’s $388 million breach has moved about $83 million in stolen XRP out of three holding wallets, leaving another $75 million in accounts that cannot be frozen
- By 12:41 UTC Saturday, two accounts that initially held 20 million XRP each had been reduced to about 23 and 55 tokens, ’s review of XRP Ledger records
- Circle and Tether, the companies behind dollar-linked tokens USDC and USDT, have already frozen about $320,000 in stablecoins connected to the breach
- Nearly 103 million XRP was taken from Bitget on Thursday and divided among five accounts
Summary
The hacker behind Bitget’s $387.5 million breach moved about $83 million in stolen XRP from three holding wallets, while roughly $75 million remains in accounts that cannot be frozen under the XRP Ledger’s rules. Exchanges can restrict accounts that receive the stolen XRP, but Ripple cannot block transactions from wallets controlled by the attacker; Circle and Tether have separately frozen about $320,000 in related stablecoins. Bitget said its protection fund will cover the losses and customer balances are unaffected, with withdrawals scheduled to resume in stages from Sept. 28 through Oct. 2. Nearly 103 million XRP was taken from Bitget on Thursday and divided among five accounts.