XRP Bitget Hack News is drawing attention as XRP holds near $1.55 despite one of the largest exchange security incidents of 2026. XRP gained 1.99% over 24 hours on September 26, while reports showed that more than 102 million XRP were drained from Bitget wallets. The incident has added security concerns to the crypto market, although XRP’s price remains steady.
XRP Price Holds Near $1.55
XRP was trading at approximately $1.55, with a market capitalization near $98.04 billion and 24-hour volume of about $6.92 billion. Volume increased 39.42%, indicating stronger market activity.
The token briefly climbed toward $1.62 before retreating toward 1.55–1.56. Despite the Bitget incident, XRP remained above its opening level near $1.53. This behavior shows that the broader crypto market has not responded with an immediate sharp decline.
What Happened in the Bitget Hack?
According to Bitget security updates, the exchange detected unauthorized transfers from hot and warm wallet infrastructure at 18:31 UTC on September 24, 2026. Bitget said its cold wallet reserves remained secure.
CEO Gracy Chen stated that attackers did not steal private keys. Instead, attackers reportedly compromised a backend wallet system and supplied forged transfer information, causing the authorization process to approve illegitimate transactions.
The estimated value of stolen assets initially stood at about $351.6 million. By September 25, the estimate increased to approximately $387.5 million after investigators identified additional Zcash and TRON movements. Bitget said the revised figure reflected better accounting of previously transferred assets rather than new unauthorized transactions.
Why XRP Was Hit So Heavily
Blockchain trackers identified approximately 102.93 million XRP, worth nearly $157 million at the time, as the largest individual asset taken. Around 31,890 ETH, valued at roughly $86 million, represented another major portion.
The stolen assets reportedly included XRP, ETH, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX, and TRX. Transfers occurred across the XRP Ledger, Ethereum, TRON, and Zcash.
Bitget shared attacker-controlled addresses, including an XRP Ledger address, to help exchanges and security researchers monitor stolen funds.
Recovery Efforts and Withdrawals
Bitget temporarily paused withdrawals while security checks continued, although deposits and regular trading remained available.
Bitget also launched a Recovery Bounty Program offering a 5% reward to parties that help freeze or recover stolen assets. Its User Protection Fund held more than $464 million when the incident occurred, providing a stated source of coverage.
The exchange has worked with Mandiant and SlowMist. Some stolen assets have reportedly been frozen through cooperation with other exchanges and blockchain projects. Bitget said the incident was contained and no further unauthorized transfers were possible after the breach was stopped.
David Schwartz and the XRP Ledger
The XRP Bitget Hack News story also highlights the technology behind XRP. David Schwartz helped develop the XRP Ledger with Jed McCaleb and Arthur Britto beginning in 2011.
The XRP Ledger launched in June 2012. About 80% of the original XRP supply was allocated to a company later renamed Ripple. Schwartz later became Ripple’s chief cryptography officer and CTO.
He stepped back from daily responsibilities at the end of 2025 and became CTO emeritus while remaining on Ripple’s board. The XRP Ledger remains open source and operates independently of exchange incidents.
Conclusion
XRP Bitget Hack News reflects two connected developments: XRP is holding around $1.55, while an exchange breach has placed more than 102 million XRP at the center of a $387.5 million security incident. The crypto market will watch withdrawals, recovery efforts, and fund movements. For now, XRP’s price remains steady despite the breach affecting the crypto sector.
