Bitget Hacker Moves $83 Million in Stolen XRP - And Ripple Can’t Freeze It

The attacker behind Bitget’s revised $387.5 million security breach has begun dispersing a large portion of the stolen XRP, moving roughly 54 million XRP worth about $83 million from three of the original holding wallets. Around 49 million XRP—worth roughly $75 million at the reported market price—remained in the original accounts when CoinDesk reviewed the ledger. The movement materially complicates recovery because native XRP cannot be frozen at the XRP Ledger protocol level. Exchanges can block deposits once stolen funds reach custodial accounts, but the attacker can continue moving XRP while controlling the private keys.