Bitget Crypto Theft Reaches $387.5M as Stolen Assets Move

Key Facts

1Bitget reported that the total amount of stolen cryptocurrency has reached $387.5 million.

2Stolen XRP tokens have begun moving through various digital wallets following the initial breach.

Bitget reported that the total amount of stolen cryptocurrency from its recent security breach has reached $387.5 million. Seeking Alpha reported that this updated figure follows further investigation into the wallet breach and the tracking of unauthorized transfers.

Stolen XRP tokens have begun moving through various digital wallets following the initial breach. The exchange is currently working to trace and recover the assets as the upward revision of the theft magnitude increases market concerns regarding platform security.