Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
Two wallets have been almost emptied and a third is being drained, with about $75 million remaining across the five original holding accounts.
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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.
