$XRP Scammers Arrested After Stealing Millions From 71 Investors
Three people have been arrested by the Seoul Metropolitan Police Agency for allegedly operating a fraudulent $XRP investment platform called Fxrpntwork.com. The suspects collected approximately 3.4 million $XRP from 71 investors between October 16th and 23rd, promising guaranteed principal and monthly returns of 1.5% to 1.8%. Investors were instructed to move their $XRP from South Korean exchanges through overseas platforms before transferring the assets into wallets controlled by the group.
The suspects used portal blogs, online articles, and YouTube videos to promote Fxrpntwork.com and make it appear connected to legitimate blockchain infrastructure. The police warned prospective cryptocurrency investors to verify official sources carefully before transferring assets to unfamiliar wallets or unverified platforms.
Authorities obtained an Interpol Red Notice for the overseas suspect and are examining additional participants accused of building and promoting the fraudulent website.