Hackers moved roughly $83 million worth of stolen XRP tied to the $351.6 million Bitget hack, according to PAPER / web3paper.net (Sept. 29, 2026). The same report flagged a long-liquidation imbalance near 980% during the decline and a +65.53% surge in 24-hour XRP volume — leverage liquidations amplifying the drop, not a clean “spot only” print.
WalletInvestor (Sept. 29) framed a related institutional wrinkle: stolen XRP moved in ways that sit outside the freeze controls Ripple can normally apply on issued assets. That contrast lands next to the RLUSD growth narrative — a fast-growing dollar token on the same ecosystem, versus a demonstrated limit on how quickly illicit independent-wallet XRP can be contained.
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Get ratesFreeze mechanics ≠ issued-asset controls
Freeze tools apply differently to issued assets than to XRP moving between independent wallets. The episode is unresolved for institutions weighing exposure; it has not, by itself, rewritten ETF inflow tables or RLUSD circulation. Live marks Tuesday morning (~9:20 a.m. MT via Robinhood) put XRP near $1.52. This is a security and custody story — not a price call. Not investment advice.
