đš STOLEN $XRP â AND RIPPLE CANâT FREEZE IT?
This is the part of the Bitget hack most people are missing đ
đ° ~103M XRP stolen
đ” ~ $160M worth at the time
đš ~ $83M has already moved
But hereâs the shocker:
Ripple cannot simply freeze the stolen XRP.
Why?
XRP is the native asset of the XRP Ledger â it isnât an issuer-controlled token like USDT or USDC.
So the hacker can move XRP wallet-to-wallet.
Exchanges can still flag/freeze accounts if the stolen XRP reaches them.
And yes⊠investigators are watching the wallets. đïž
Question:
Does this prove XRP is truly decentralized â or expose a major weakness?
đ WHAT DO YOU THINK?
SECURITY FEATURE OR SECURITY FLAW?
#XRP #Ripple #Bitget #Crypto #XRPL #Bitcoin
This is the part of the Bitget hack most people are missing đ
đ° ~103M XRP stolen
đ” ~ $160M worth at the time
đš ~ $83M has already moved
But hereâs the shocker:
Ripple cannot simply freeze the stolen XRP.
Why?
XRP is the native asset of the XRP Ledger â it isnât an issuer-controlled token like USDT or USDC.
So the hacker can move XRP wallet-to-wallet.
Exchanges can still flag/freeze accounts if the stolen XRP reaches them.
And yes⊠investigators are watching the wallets. đïž
Question:
Does this prove XRP is truly decentralized â or expose a major weakness?
đ WHAT DO YOU THINK?
SECURITY FEATURE OR SECURITY FLAW?
#XRP #Ripple #Bitget #Crypto #XRPL #Bitcoin