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South Korea Cracks Down on $8.55M XRP Scam, Seeks Interpol Help

Guavy AI Editorial Team
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South Korean authorities have cracked down on an alleged $8.55 million XRP investment scam, arresting three suspects and seeking international help to locate a fourth suspect believed to be hiding overseas.

The scheme involved a fake platform called Fxrpntwork.com that promised guaranteed principal protection and fixed monthly returns of 1.5% to 1.8%, luring in 71 investors who transferred around 3.4 million XRP between October and November 2025.

According to the Seoul Metropolitan Police Agency, the suspects operated by persuading victims to transfer XRP from domestic exchanges to designated wallets through an overseas exchange before depositing the assets into the fake platform.

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