📉 BEARISH OUTLOOK
A hacker just moved $83 million worth of stolen XRP, and there is almost nothing anyone can do to stop it. That is the uncomfortable reality playing out right now in the crypto world.
Earlier this year, the crypto exchange Bitget was hacked. The thief made off with a massive pile of XRP, the token associated with the payments company Ripple. The stolen funds were spread across five wallets and sat relatively quiet, until now.
As of September 26, 2026, the hacker has started moving the money fast. Two of the five holding wallets have been nearly emptied, a third is being drained right now, and about $75 million still sits in the remaining accounts. The troubling part is that Ripple has no power to freeze or reverse these transactions. XRP on the public ledger works the same for everyone, including criminals.
If you hold XRP, this is worth paying attention to. When a hacker moves this much stolen crypto, they usually need to sell it somewhere. A large sell-off can push the price down, at least in the short term. It does not mean XRP is finished, but it does create real selling pressure that any XRP holder could feel in their portfolio.
This also raises a bigger question about crypto security in general. Exchanges get hacked, and once the funds leave, they are often gone for good. If you keep your coins on an exchange rather than your own wallet, events like this are a reminder of that risk.
Keep an eye on whether the hacker tries to convert the XRP into other tokens or cash it out through exchanges. On-chain trackers and blockchain analysts are likely already following these wallets closely, and any major moves could hit the news quickly. Watch the XRP price over the next few days for any unusual dips.
No, Ripple cannot freeze XRP sitting on the public XRP Ledger. Once a transaction is sent, it is final and cannot be reversed by anyone, including Ripple.
It could create short-term selling pressure if the hacker dumps the tokens, but analysts would not call it a guaranteed crash. Watch the market closely over the next few days.
If you store XRP in your own wallet with your own private keys, it is not directly at risk from this hack. The stolen funds came from Bitget's exchange, not individual user wallets.
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