Bitget Hacker Moves $83 Million in Stolen XRP; Ripple Cannot Freeze Native Assets

Bitget hackers have transferred approximately $83 million in stolen XRP from initial addresses, with about $54 million already dispersed to further wallets. Unlike centralized tokens such as USDC or USDT, which can be frozen by their issuers, XRP is a native asset on the XRP Ledger, making it impossible for Ripple to freeze the stolen funds directly. While Circle and Tether have frozen roughly $320,000 in USDC and USDT linked to the attack, Bitget has revised its total loss estimate to approximately $387.5 million, including previously unaccounted Zcash and TRON transfers. Bitget stated that its protection fund will cover the losses and user balances remain unaffected, with withdrawal services for various assets expected to resume in phases starting September 28.