Bitget Hacker Moves $83 Million in Stolen XRP Amid Ongoing Investigation
- Circle and Tether have frozen approximately $320,000 in stablecoins linked to the breach.
- As of Saturday, about 70 million XRP were remaining in the original accounts, which decreased to roughly 49 million within eight hours.
- The hacker has distributed around 54 million XRP across multiple wallets, although the total amount sold remains unclear.
- XRP was trading at approximately $1.54, down about 4% over the last day but up about 9% over the week.
- The original XRP haul is valued at around $160 million, representing about 4% of its daily trading volume of $4.4 billion.
The actions taken by Circle and Tether highlight the ongoing efforts to mitigate losses from crypto breaches through mechanisms like blacklisting addresses associated with thefts. The rapid movement of stolen XRP indicates an attempt by the hacker to obscure their tracks while maintaining significant value in the market.
Currently, approximately $83 million worth of stolen XRP has been moved by the hacker as they continue to distribute funds across various wallets.(Source)
