Bitget Hack Update: XRP, Bitcoin, and North Korean Link

Crypto Insight Summary: Chainalysis has attributed the $387 million Bitget theft to North Korean hackers. The firm said the attack lifts the value of crypto stolen by DPRK-linked actors this year above $1 billion. North Korean attackers reportedly used a cross-chain swap to convert stolen XRP into Bitcoin and kept the tokens away from exchanges. Drift, KelpDAO and Crypto Insight Analysis: Direction: Bearish XRP / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: The hack and subsequent conversion of XRP to BTC creates selling pressure on XRP.