$83,000,000 worth of XRP was stolen—what’s really chilling isn’t the amount
Bitget was hacked, and the attackers walked away with about $83,000,000 worth of XRP.
But more than that number, what should keep you up at night is this—another $75,000,000 worth of XRP is quietly sitting in the hacker’s wallet, and nobody can touch even a single finger of it.
It’s not that nobody wants to move it.
It’s that they can’t.
Why can’t they? Here’s the plain-language version
If your USDT was stolen? Tap the button at Tether, and that money turns into a string of dead numbers—no one can spend it.
If your USDC was stolen? Circle blacklists the address, and what the hacker holds is basically just air.
In this incident, the stablecoins the hackers “casually picked up” totaled only about $3.2 million, and Tether and Circle froze them at light speed. From theft to freeze, it might not even take as long as you ordering a cup of delivery food.
But XRP is different.
XRP is a native asset of the XRP Ledger. What does “native” mean? It means from day one, it’s hard-coded into the protocol—there is no “issuer” that can
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