Bitget Hacker Moves $83 Million in XRP

VERA Brief

AI-generated. Grounded in the article and its cited sources.

A hacker has started moving approximately $83 million in XRP that was previously stolen from the Bitget exchange. Ripple has stated it cannot freeze these funds, raising questions about cryptocurrency recovery.

Key facts

• A hacker is moving approximately $83 million in XRP stolen from Bitget.
• Two wallets associated with the theft have been largely emptied.
• Approximately $75 million remains across five original holding accounts.
• Ripple has stated it lacks the technical capability to freeze these XRP funds.
• The movement of these assets raises questions about cryptocurrency traceability and recoverability.