Published Jul 30, 2026, 4:24 AM ET · Updated 3 months ago · 2 sources
Seoul police arrested three people over a fraudulent XRP staking platform that took about 3.4 million XRP from 71 victims, with roughly 27.3 billion won ($19 million) reaching the operators' wallets. The site impersonated the Flare Network and FXRP projects, timed to their launch, and a fourth suspect is overseas under an Interpol red notice, police said.
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Original Report
Seoul police arrested three people over a fraudulent XRP staking platform that took about 3.4 million XRP from 71 victims, with roughly 27.3 billion won ($19 million) reaching the operators' wallets. The site impersonated the Flare Network and FXRP projects, timed to their launch, and a fourth suspect is overseas under an Interpol red notice, police said.