Bitget hacker has transferred out more than half of 103 million XRP (about $83 million). The XRP Ledger (XRPL) does not support freezing, leaving Ripple helpless. (Previously: Bitget’s stolen amount was revised up to $388 million! Zcash and TRON on-chain assets are also included.) (Additional background: Bitget will resume withdrawals in four batches. Bitcoin will be the first to be opened on 9/28.)  The hackers behind the Bitget exchange theft have already made large withdrawals of XRP, with less than half of the stolen assets still available. According to on-chain records on the XRP Ledger, the hackers have transferred out about 54 million XRP from five initial wallets, worth roughly $83 million. Since the XRP Ledger does not support freezing, Ripple cannot do anything. Unlike Circle and Tether, which can freeze USDC and USDT via blacklists, XRP Ledger’s native token XRP has no freezing function. Although payment company Ripple issues its own tokens on-chain, it has no control over the trading of native XRP. This means that as long as the XRP remains in wallets controlled by the hacker, no one can stop it from being transferred out or sold. Recovery work can only rely on the fact that when the hacker transfers XRP to an exchange that supports freezing, the exchange can restrict that account and prevent withdrawals.  Fund movements accelerate, but decentralization makes tracking harder The hackers’ outflow speed clearly increased on Saturday. At 04:32 UTC, the five wallets had about 70 million XRP left; eight hours later, that number dropped to just 49 million. The hackers dispersed funds across more wallets, and some transfers used the same routes previously used by the first wallet. One transfer attempt of about 521,000 XRP failed because the account had insufficient balance. About an hour later, the second wallet topped up the same amount to the same recipient address. This indicates the hackers have a clear plan for distributing funds rather than making random moves.  Impact on the price of XRP XRP traded around $1.54 on Saturday, down about 4% over 24 hours, but the weekly gain still stood at 9%. Based on the then-current price, the initially stolen 103 million XRP was worth about $160 million, representing 4% of XRP’s daily trading volume (about $4.4 billion). If the hackers sell a large amount, the actual impact on the price depends on the depth of buy orders. However, based on the current transfer pattern, the hackers seem more inclined to spread holdings rather than liquidate all at once, possibly to avoid market volatility caused by large sell orders.  Bitget protection fund covered; withdrawals resume on schedule Bitget revised the total stolen amount on Friday to $387.5 million, up from the initial $350 million, with Zcash and TRON on-chain assets added in. The exchange confirmed that this is the asset stolen in the same attack, not a new case. Bitget reiterated that its protection fund will fully cover the losses, and users’ funds will not be affected. The withdrawal resumption schedule is as follows: Bitcoin on September 28, Ethereum on September 29, USDT on September 30, and other cryptocurrencies on October 2.  Related reports Bitget’s stolen amount revised to $388 million! Zcash and TRON on-chain assets included in the tally. Bitget’s withdrawal restoration will be rolled out in four batches! Bitcoin opens first on 9/28 Bitget hacked for $350 million: Tracking the real culprit—stolen XRP funds flow into the “North Korean hackers Lazarus” vault. Major news! Bitget exchange hacked for $350 million! Hot wallets attacked—emergency temporary suspension of withdrawals; the official pledges “full compensation by the protection fund.” Bitget Wallet is the first to integrate the Arc mainnet, expanding stablecoin on-chain financial infrastructure "Bitget hacker transfers out $83 million XRP! XRPL does not support freezing, Ripple has no way to help" This article was first published on BlockTempo (動區BlockTempo, a highly influential blockchain news media).