Bitget Hacker Moves Millions in XRP as Freezing Fails

What happened

About 54 million XRP left five attacker wallets tied to the Bitget hack, and Ripple cannot freeze native XRP balances.

Confirmed

Global impact / market context

The inability to freeze native XRP means stolen coins can keep moving, which may raise concerns for holders because recovery is harder without a central issuer able to block transfers.

Analyst inference

This highlights that native XRP is not controlled by Ripple, so investors cannot rely on the company to stop theft, unlike assets with issuers that can freeze balances.

Analyst inference

What to watch

1. About 54 million XRP left five attacker wallets, so watching further movements from these wallets may show whether the stolen funds are being sold or moved again. Confirmed
2. Exchanges should consider tightening deposit checks for XRP from suspicious wallets, which means verifying the source before accepting coins to reduce the chance of laundering. Proposed
3. If the attacker wallets send more XRP to exchanges, the added supply could weigh on XRP's price and hurt investors who currently hold the asset. Analyst inference

Affected assets

• XRP — XRP

Evidence

• coindoo.com