Bitget, a major cryptocurrency exchange, has disabled XRP withdrawals while blockchain trackers report that 27.63 million XRP described as stolen have moved out of monitored wallets. For users holding XRP on the platform, funds cannot be sent off-exchange until the service is restored.

No Confirmed Reason for the Suspension

The withdrawal suspension was reported by CryptoSlate. Bitget has not publicly confirmed whether the pause stems from a technical issue, a security matter, or a compliance check.

While withdrawals are disabled, users can still hold XRP in their Bitget accounts and trade the token on the platform. They cannot transfer it to an external wallet or another exchange until the restriction is lifted — a limitation that affects anyone needing to move funds quickly or seeking self-custody of their tokens.

The pause is a sharply different kind of headline for Bitget, which has recently drawn attention for initiatives such as its UEX Futures League, a competition targeting both crypto and traditional finance markets. Exchanges routinely pause withdrawals of specific assets during security reviews, compliance checks, or when on-chain alerts indicate suspicious activity near their platforms.

27.63 Million Stolen XRP Move From Tracked Accounts

Separately, on-chain monitors have flagged the movement of 27.63 million XRP from accounts that investigators had been tracking as holding stolen funds. XRP transactions are publicly visible and permanently recorded on the XRP Ledger, allowing watchdogs and exchanges to flag specific wallet addresses and monitor them in real time using tools such as XRPScan. That permanence is what makes stolen-fund tracking possible in the first place: even as tokens change hands, their trail stays visible on the ledger for anyone to follow.

Movement from a tracked wallet does not by itself identify who moved the funds, nor does it confirm a direct link to any specific exchange event. It does indicate that whoever controls those wallets is actively shifting the tokens — activity that typically triggers alert responses from exchanges monitoring the addresses.

The 27.63 million XRP figure comes from the headline claim sourced to CryptoSlate. No transaction hash, originating wallet address, or receiving wallet has been confirmed in this round of reporting. Readers seeking on-chain verification can monitor flagged account activity directly on XRPScan.

What Is Known and What Remains Open

The two developments — Bitget's withdrawal suspension and the movement of 27.63 million XRP from tracked accounts — have been reported together. Whether one directly caused the other has not been established by the available evidence.

Broader regulatory scrutiny of crypto exchanges has intensified in 2026. A recent SEC proposal targeting tokenized stock ownership records illustrates how regulators are expanding oversight across the digital asset space, adding pressure on exchanges to act quickly when suspicious on-chain activity is detected.

For holders of XRP on Bitget, the practical step is to check the exchange's official status page or announcements channel for updates on when withdrawals will resume, rather than relying on third-party speculation about timelines. If access to funds is time-sensitive, moving tokens to a self-custody wallet once the restriction lifts is the most direct way to retain control of assets. From here, the markers to watch are whether Bitget publishes an official explanation of the pause and whether the tracked wallets move any further funds on-chain.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.