Ripple Says It Cannot Freeze the $83 Million in XRP Stolen in Bitget Hack
Odaily News: Cryptocurrency exchange Bitget recently suffered a severe hack, resulting in the theft of XRP worth up to $83 million. On-chain data analysis shows that the hacker acted quickly after the incident, completing the transfer of large funds across addresses. Bitget has now confirmed the major security incident and is cooperating with police in the investigation.
Regarding how to recover the lost assets, Ripple officially provided a clear technical response. Ripple emphasized that due to the decentralized architecture of its underlying public chain, even if law enforcement agencies intervene, the company is completely unable to implement forced freezing of specific external accounts. Currently, the core task of recovering these stolen funds remains the responsibility of Bitget and the security team it has hired. (CoinDesk)
