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Bitget suffers $387.5 million hack as stolen XRP moves through THORChain

  • Bitget suffered a hack after attackers exploited backend systems to move funds.
  • $387.5 million was stolen on September 24, including a large XRP position.
  • Stolen assets began moving through THORChain into Bitcoin, prompting CEO Gracy Chen to respond publicly.

Bitget suffered a $387.5 million hack on September 24 after attackers exploited backend systems to move funds, including a large XRP position. The stolen assets then began moving through THORChain, a cross-chain liquidity protocol, into Bitcoin, prompting a public response from Bitget CEO Gracy Chen.

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Bitget suffers $387.5 million hack as stolen XRP moves through THORChain - CoinPost Terminal