1d ago

XRP leads trading activity on Upbit as Lazarus Group is alleged to have stolen 103M XRP from Bitget

AI Market Summary

XRP is seeing unusually strong spot activity on South Korea's Upbit, highlighting concentrated retail-led momentum and liquidity. Offsetting this, Lazarus Group is alleged to have stolen 103M XRP (~$157M) from Bitget as part of a $351M+ exploit, raising immediate counterparty, custody, and regulatory-risk concerns for exchanges and XRP market structure. Near-term trading may become more flow- and risk-headline driven.

Impact level

● High

Affected assets

XRP/USDT+1.35%

AI Insight · XRP/USDTAI Insight

▼ Bearish

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XRP is dominating trading activity on Upbit, South Korea’s largest exchange. Separately, North Korea’s Lazarus Group is alleged to have drained 103M $XRP worth about $157M from Bitget. The incident was described as part of an exploit totaling more than $351M.

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