Bitget hacker moves $83 million in stolen XRP that Ripple says it cannot freeze

  • A Bitget hacker moved stolen XRP rapidly across multiple addresses.
  • About $83 million worth of XRP was stolen, with 54 million XRP moved.
  • Bitget is working with police and security teams on asset recovery.

A hacker stole up to $83 million worth of XRP from crypto exchange Bitget and rapidly moved the funds across addresses, with about 54 million XRP leaving the original five wallets. Bitget confirmed the major security incident and is cooperating with police. Ripple said its decentralized underlying network cannot be used to forcibly freeze specific external accounts, even if law enforcement becomes involved, leaving Bitget and its hired security teams responsible for recovering the assets.

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Bitget hacker moves $83 million in stolen XRP that Ripple says it cannot freeze - CoinPost Terminal