102,976,680 XRP moved out of Bitget-linked wallets in attack
AI Market Summary
On-chain data indicates ~102.98M XRP was transferred out from wallets linked to Bitget in an apparent attack, raising immediate counterparty and custody-risk concerns around the exchange. With limited official clarification so far, uncertainty over recovery and liability can amplify risk-off positioning, pressure spot liquidity, and increase short-term volatility in XRP and adjacent exchange-linked flows.
Impact level
● High
Affected assets
XRP/USDT+0.95%
AI Insight · XRP/USDTAI Insight
▼ Bearish
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Bitget-linked wallets were hit in an attack, with about 1.03 million XRP—worth tens of millions of dollars—moved out. On-chain data show unusually large token outflows from addresses believed to be associated with Bitget, raising concerns over exchange asset security. Bitget has not issued a detailed statement, and the destination of the funds and any compensation plan remain unclear. The incident marks another security test for centralized exchanges and may weigh on near-term sentiment around XRP.
