Hacker Moves $83 Million in Stolen XRP from Bitget Breach
A hacker who breached Bitget's systems on September 24 has moved approximately $83 million worth of stolen XRP out of three holding wallets. The remaining $75 million cannot be frozen due to the rules governing the XRP Ledger, which does not allow Ripple or any other entity to block transactions involving native XRP tokens. The breach exploited a vulnerability in Bitget's third-party security product used for backend wallet infrastructure, allowing attackers to forge and approve fraudulent transactions. The stolen funds were primarily moved from hot and warm wallets without affecting cold storage. Initially reported at $351.6 million, the total loss was later revised upward to $387.5 million after additional assets like Zcash and TRON were identified. Bitget has attributed the attack pattern—such as asset conversion methods and IP addresses—to North Korea's Lazarus Group, a state-sponsored hacking unit linked to major crypto thefts in the past.
Tickers: $XRP
Topics: Bitget cryptocurrency cybersecurity hacking XRP