XRP Tops List of Crypto Assets Taken in Bitget Hack
Bitget reported a $351.6M security breach on September 24, 2026. Lookonchain found that 102.93M XRP, valued at $157.48M, was the largest portion of the stolen assets. XRP is currently trading at $1.53, up 1.50%.
How this was made
The 30-second read
Why it matters
The theft could lead to short-term price pressure on XRP and heightened scrutiny of exchange security practices.
Market read
First report of a major XRP theft, relevant for traders monitoring crypto security events.
What to watch
Potential insurance recoveries or rapid security upgrades could mitigate long-term impact.
Background
Bitget, a major crypto exchange, reported a $351.6M security breach, with XRP being the largest stolen asset.
Ticker impact
Bitget hack stole 102.93M XRP (~$157.48M) as disclosed on Sep 24, 2026.
Potential short-term dip in XRP price with heightened volatility.
Large-scale theft directly reduces circulating supply and raises security concerns.
Market effects
May affect broader crypto security perception and exchange risk assessments.
Potential impact on Asian crypto markets where Bitget has strong presence.
Highlights systemic security risks across global crypto exchanges.
Counterpoint
Some traders may view the theft as a buying opportunity if price overreacts.
Key entities
- ExchangeBitget
Crypto exchange that suffered the breach.
- CryptocurrencyXRP
Digital asset stolen in the breach.
