#Chainalysis tracks Bitget stolen funds
40.8% went to a specific destination—worth looking at more than the stolen amount itself
Chainalysis attributes Bitget’s $387 million security incident to North Korea–linked threat actors. It says that in the first three hours after the attack, the stolen funds were spread across Ethereum, XRP, Zcash, and Tron via 23 transactions, accounting for 49.7%, 40.8%, 7.6%, and 1.8% respectively.
After the news broke, the $XRP order book didn’t show much reaction: the price moved from 1.539 to 1.5402, the buy/sell ratio was 1.094, and open-position value changed by 0.17%. In the past hour, trading volume was 1.29 times the 24-hour average; sell orders were 1.01 times buy orders. Neither side rushed to exit.
Crossing through 40% of the funds doesn’t mean those funds were absorbed, but the order book showed no panic and no eager buyers. The trend still followed the 24-hour gain of 4.2%. If the price falls back to 1.4732, this move will be cut off.
40.8% went to a specific destination—worth looking at more than the stolen amount itself
Chainalysis attributes Bitget’s $387 million security incident to North Korea–linked threat actors. It says that in the first three hours after the attack, the stolen funds were spread across Ethereum, XRP, Zcash, and Tron via 23 transactions, accounting for 49.7%, 40.8%, 7.6%, and 1.8% respectively.
After the news broke, the $XRP order book didn’t show much reaction: the price moved from 1.539 to 1.5402, the buy/sell ratio was 1.094, and open-position value changed by 0.17%. In the past hour, trading volume was 1.29 times the 24-hour average; sell orders were 1.01 times buy orders. Neither side rushed to exit.
Crossing through 40% of the funds doesn’t mean those funds were absorbed, but the order book showed no panic and no eager buyers. The trend still followed the 24-hour gain of 4.2%. If the price falls back to 1.4732, this move will be cut off.
