Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
60-second summary
A Bitget hacker has transferred roughly $83 million in stolen XRP, emptying two wallets and draining a third while about $75 million remains across the original five accounts; Ripple’s protocol cannot freeze the tokens, leaving victims exposed. The breach highlights persistent security gaps in centralized exchanges and may pressure regulators to enforce stricter custodial standards across the crypto industry.
Two wallets have been almost emptied and a third is being drained, with about $75 million remaining across the five original holding accounts.