Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
📰 Key Takeaways:
• A Bitget hacker has transferred roughly $83 million in stolen XRP, draining two wallets almost entirely and siphoning a third, leaving about $75 million in the original five holding accounts.
• Ripple’s inability to freeze the stolen XRP underscores the limitations of its on‑chain controls and highlights ongoing regulatory scrutiny over custodial and exchange security practices.
• The large outflow of XRP from exchange wallets is likely to increase circulating supply pressure, potentially tightening liquidity and affecting price stability on major trading venues.
💡 Market Impact:
The rapid depletion of XRP reserves has heightened volatility, prompting traders to reassess risk exposure and liquidity provisions. Exchanges are tightening security protocols, while XRP holders face increased uncertainty over the asset’s short‑term price trajectory.
🔥 24H Top Futures Gainers:
• $RARE (+62.2%) — Price: 0.0223
• $Q (+43.6%) — Price: 0.0367
• $MUBARAK (+31.2%) — Price: 0.0585
#CryptoNews #BinanceFutures #MarketMovers
📰 Key Takeaways:
• A Bitget hacker has transferred roughly $83 million in stolen XRP, draining two wallets almost entirely and siphoning a third, leaving about $75 million in the original five holding accounts.
• Ripple’s inability to freeze the stolen XRP underscores the limitations of its on‑chain controls and highlights ongoing regulatory scrutiny over custodial and exchange security practices.
• The large outflow of XRP from exchange wallets is likely to increase circulating supply pressure, potentially tightening liquidity and affecting price stability on major trading venues.
💡 Market Impact:
The rapid depletion of XRP reserves has heightened volatility, prompting traders to reassess risk exposure and liquidity provisions. Exchanges are tightening security protocols, while XRP holders face increased uncertainty over the asset’s short‑term price trajectory.
🔥 24H Top Futures Gainers:
• $RARE (+62.2%) — Price: 0.0223
• $Q (+43.6%) — Price: 0.0367
• $MUBARAK (+31.2%) — Price: 0.0585
#CryptoNews #BinanceFutures #MarketMovers
