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Public · Published
Bitget freezes XRP withdrawals as 27M stolen tokens move
Bitget disabled XRP withdrawals on September 26 after 27 million stolen XRP tokens moved. A Bitquery trace, dated to that period, shows those tokens moving onward without a measured spot-market sale.
Published:
Updated:
What happened
Bitget disabled XRP withdrawals on September 26 after 27 million stolen XRP tokens moved. A Bitquery trace, dated to that period, shows those tokens moving onward without a measured spot-market sale.
Confirmed
Global impact / market context
This matters because the stolen tokens are moving, but no spot sale is recorded. That can leave XRP holders unsure whether selling pressure is still ahead, while frozen withdrawals stop affected users from accessing their coins.
Analyst inference
The event centers on one exchange and the XRP market, while Bitcoin, Ether, and USDT are also known assets in the supplied context. A withdrawal freeze can reduce available XRP on Bitget, which is the cash-like ability to move coins out.
Analyst inference
What to watch
- XRP withdrawals remained disabled on September 26, so users should watch for any change in that status if new information appears. Confirmed
- Traders may watch whether the moving XRP eventually reaches a spot exchange and is sold, which would show actual selling pressure rather than onward transfers alone. Proposed
- If the stolen XRP is deposited and sold, XRP prices and exchange balances could shift, so investors may adjust their exposure to XRP or to Bitget-related risk. Analyst inference
Affected assets
- BTC — Bitcoin
- XRP — XRP
- USDT — Tether
- ETH — Ethereum