Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
- —About 54 million XRP has left the original holding wallets, with ~$75 million still remaining
- —Nearly 103 million XRP worth ~$160 million was stolen in the breach
- —Circle and Tether have frozen only about $320,000 in related USDC and USDT
- —Bitget withdrawals resume in stages from Sept. 28 through Oct. 2
Why it matters: XRP cannot be frozen at the network level, so recovery depends on exchanges restricting accounts that receive the stolen coins.
Source: CoinDesk