๐จ $387.5M XRP HACK UPDATE ๐จ
The aftermath of the $387.5M breach is still developing. ๐
Reports say the attacker has already moved around $83M worth of stolen $XRP from three wallets, while roughly $75M is still sitting in wallets that canโt be frozen under XRP Ledger rules.
Exchanges may blacklist accounts receiving the stolen funds, but the attackerโs own wallets canโt simply be blocked.
Meanwhile, Circle and Tether have reportedly frozen around $320K in related stablecoins. ๐ฐ
The exchange says its protection fund will cover the losses, meaning customer balances are expected to remain unaffected. Withdrawals are expected to resume gradually between Sept. 28 and Oct. 2.
Now the biggest question is: How much of the stolen crypto can actually be tracked, frozen, or recovered? ๐๐จ
What do you think happens next?
#XRP #Crypto #Ripple #RARE #CryptoNews
The aftermath of the $387.5M breach is still developing. ๐
Reports say the attacker has already moved around $83M worth of stolen $XRP from three wallets, while roughly $75M is still sitting in wallets that canโt be frozen under XRP Ledger rules.
Exchanges may blacklist accounts receiving the stolen funds, but the attackerโs own wallets canโt simply be blocked.
Meanwhile, Circle and Tether have reportedly frozen around $320K in related stablecoins. ๐ฐ
The exchange says its protection fund will cover the losses, meaning customer balances are expected to remain unaffected. Withdrawals are expected to resume gradually between Sept. 28 and Oct. 2.
Now the biggest question is: How much of the stolen crypto can actually be tracked, frozen, or recovered? ๐๐จ
What do you think happens next?
#XRP #Crypto #Ripple #RARE #CryptoNews
