Hackers are transferring $83M worth of stolen XRP as exchanges deal with the aftermath
The consequences of the $387.5M breach are still unfolding
According to reports, the attacker moved around
about $83 million from three holding wallets from which it was stolen
to wallets where, according to XRP Ledger rules, they cannot be frozen—there are still about $75 million remaining in such wallets
Exchanges may blacklist accounts that received the stolen funds, but the attackers’ own wallets cannot be blocked meanwhile, Circle and Tether have frozen about $320,000 in related stablecoins
the exchange says its protection fund will fully compensate for the losses and the customer’s balances were not affected
By October 2, withdrawals are expected to restart in stages from September 28
Now attention shifts—not to the hack itself, but to how much of the stolen money can truly be tracked, frozen, or recovered
What do you think about this?
The consequences of the $387.5M breach are still unfolding
According to reports, the attacker moved around
about $83 million from three holding wallets from which it was stolen
to wallets where, according to XRP Ledger rules, they cannot be frozen—there are still about $75 million remaining in such wallets
Exchanges may blacklist accounts that received the stolen funds, but the attackers’ own wallets cannot be blocked meanwhile, Circle and Tether have frozen about $320,000 in related stablecoins
the exchange says its protection fund will fully compensate for the losses and the customer’s balances were not affected
By October 2, withdrawals are expected to restart in stages from September 28
Now attention shifts—not to the hack itself, but to how much of the stolen money can truly be tracked, frozen, or recovered
What do you think about this?
