Fake Flare Network Staking Site Drained $8.5M in XRP: Seoul Police
Covered by 5 sources · 5 articles
5 outlets - including Crypto-economy, Coinotag and Cryptonomist and 2 more - are covering this story. TL;DR A fake staking site stole 3.4 million XRP worth about $8.5 million from 71 investors during an eight-day operation last October before vanishing. Police say the operators impersonated Flare Network and FXRP, promised guaranteed return…
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Fake XRP Staking Site Steals 3.4M XRP From 71 Investors, Seoul Police Report
TL;DR A fake staking site stole 3.4 million XRP worth about $8.5 million from 71 investors during an eight-day operation last October before vanishing. Police say the operators impersonated Flare Network and FXRP, promised guaranteed return…
XRP Staking Scam Drains $8.5M in Fake Flare Network Site
XRP News A fake staking portal that imitated Flare Network and its FXRP token drained 3.4 million units of XRP (XRP) from 71 investors over eight days last October, Seoul police said on July 30. Th...
Fake Flare Staking Site Drains $8.5M in XRP From 71 Investors in 8 Days
Seventy-one investors in South Korea lost a combined 3.4 million XRP — worth roughly $8.5 million — to a fraudulent staking website that impersonated Flare Network and its FXRP token. The fake Flare staking scam ran for just eight days last…
Fake Flare Network Site Stole $8.5 Million Worth of XRP
Last October, a fake staking site that operated for eight days stole 3.4 million XRP from 71 investors. This amount is equivalent to $8.5 million. Seoul police stated that this fraudulent operation deceived investors by impersonating Flare…
Fake Flare Network Staking Site Drained $8.5M in XRP: Seoul Police
The ring copied Flare Network and its FXRP token, and planted Wikipedia entries, blog posts and YouTube videos to look legitimate.