Bitget Hacker Moves $83M in Stolen XRP, On-Chain

An attacker linked to the Bitget exploit has moved about $83 million in stolen XRP, according to on-chain telemetry. Two wallets have been almost emptied, and a third is still being drained, leaving roughly $75 million across the five original holding accounts.

The transfers highlight a structural limitation in the XRP recovery process: Ripple cannot freeze the funds once they are moved into addresses outside its control. That constraint narrows the window for intervention and raises the stakes for exchanges, investigators and asset recovery teams tracking the remaining balances.

The movement also adds a fresh risk layer for XRP market participants at a time when broader crypto sentiment remains constructive. With the Fear and Greed Index at 70, traders are still positioned for risk-taking, but theft-related flows can quickly alter liquidity conditions and short-term price behavior, particularly if additional wallets are compromised or funds are routed through mixers and cross-chain bridges.

For Bitget, the episode keeps operational security and withdrawal confidence in focus. The exchange has already faced scrutiny tied to the incident, and continued wallet activity may prolong reputational pressure even if customer-facing services remain stable.