DEGEN WIRE

← THE WIRE // COINDESK.COM // 4H AGO // Crypto

BITGET HACKER MOVES $83M XRP — RIPPLE CAN'T FREEZE STOLEN FUNDS

Bitget hacker just moved $83M in stolen XRP despite Ripple's inability to freeze the funds—exposing a key weakness in the blockchain's touted security features. The remaining ~$75M sits vulnerable as the thief maintains control, raising hard questions about exchange custody and asset recovery on decentralized networks.

Active theft unfolding in real-time with specific dollar amount and asset; $75M still at risk; major exchange hack with custody implications.

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Originally headlined: Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze