The hacker behind the Bitget exchange breach has moved about $83 million worth of stolen XRP from 3 holding wallets highlighting a key difference between the XRP Ledger’s native asset and issuer-controlled stablecoins such as USDC and USDT.
About 54 million XRP has left the five wallets that initially received nearly 103 million XRP stolen from Bitget, according to reviewed XRP Ledger data. Roughly $75 million worth of XRP remained across the original accounts as of this writing.
MILESTONE | BitGet Says Stolen Funds Nearing $400 Million as Security Breach Unfolds
Unlike USDC and USDT, XRP cannot be frozen by its issuer or by Ripple.
XRP is the native asset of the XRP Ledger and the network’s…






