The report says Bitget hackers transferred approximately 83000000 USD stolen XRP，Ripple cannot be frozen directly
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AT A GLANCE
It was reported that Bitget Hackers transferred approximately 83000000 USD XRP，Ripple Cannot be frozen directly XRP native assets.
Article
Ripple Unable to freeze native XRP，Bitget Hackers transfer 83000000 USD stolen assets
PANews September 26 reports, citing CoinDesk, that Bitget hackers have transferred from 3 stolen XRP holding addresses approximately 83000000 USD of the XRP, with approximately 103000000 stolen XRP approximately 75000000 USD distributed across 5 of the initial receiving addresses. On-chain data shows that two of them, which initially each held 20000000 units XRP addresses, had been almost completely emptied; as of Saturday, 12: 41 UTC approximately 23 and 55 units XRP respectively, while the balance of a third address had fallen to approximately 5800000. Since XRP is a XRP Ledger native asset,Ripple cannot be frozen directly like stolen USDC、USDT issued by an issuer; recovering the funds depends to some extent on where the hackers subsequently transfer them. If they enter an exchange, the exchange can restrict the relevant accounts and withdrawals, but cannot directly freeze the hackers'...
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🔗XRP, and recovering the funds depends to some extent on where the hackers subsequently transfer them; if they enter an exchange, the exchange can restrict the relevant accounts and withdrawals, but cannot directly freeze the hackers'...
(Read the full article by clicking the link below)
🔗https://www.panewslab.com/zh/articles/01a0ddd2-dd24-777e-91ff-2f6bd0c195cb
Key points
01
PANews, citing CoinDesk, reports that Bitget hackers have transferred from 3 stolen XRP holding addresses approximately 83000000 USD of the XRP。
02
, out of approximately 103000000 stolen XRP, approximately 75000000 USD remains distributed across 5 initial receiving addresses.
03
Two of them, which initially each held 20000000 units XRP addresses, were almost completely emptied; as of Saturday, 12: 41 UTC approximately 23 and 55 units XRP。
04
The balance of a third address fell to approximately 5800000 units XRP。
05
It was reported that, because XRP is XRP Ledger a native asset,Ripple cannot directly freeze stolen tokens like USDC、USDT and other token issuers can.XRP。
06
It was reported that if the funds enter an exchange, the exchange can restrict the relevant accounts and withdrawals.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an update on stolen funds.XRP A substantial amount of funds from some of the involved addresses XRP has already been transferred out, while the original text stated that Ripple cannot directly freeze, as a XRP Ledger native asset,XRP. If the funds enter an exchange, the relevant exchange may impose restrictions on the accounts and withdrawals.
Why it matters to readers
a large amount of the stolen funds XRP is still being transferred. Whether the funds can be restricted or recovered depends on their subsequent destination and whether the relevant exchanges take action.
Beginners need to distinguish between “native assets” and issuer-issued tokens: according to the report,Ripple cannot directly freeze the native XRP, but exchanges can restrict the relevant accounts and withdrawals on their platforms.
Risks and unknowns
The supplied materials do not include Bitget or Ripple official confirmation of the incident.
The supplied materials do not provide independently verifiable on-chain addresses or transaction records.
It remains unclear where the transferred funds specifically went and whether they entered exchanges.
It remains unclear whether the stolen funds can be restricted or recovered.
The original text is truncated at the end, so the full statement regarding exchanges being unable to directly freeze the hacker's assets cannot be confirmed.
“Saturday 12:41 UTC” does not provide a specific date.
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Related concepts
XRP Ledger
This term is not in the glossary yet. Browse related concepts in the glossary.
