South Korean Police Arrest Three in $8.5M Fake XRP Staking Scam
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On July 30, 2026 Seoul Metropolitan Police arrested three suspects and sought an Interpol Red Notice for a fourth in an $8.55 million fake XRP staking scam that stole about 3.4 million XRP from 71 investors after promising 1.5-1.8% monthly returns via fake blogs and YouTube. Authorities vowed zero-tolerance and urged investors to verify projects, underscoring crypto security and fraud risks that could weigh on XRP staking adoption and broader DeFi trust.
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- South Korean Police nab three, seek Red Notice for a fourth over $8.55M fake XRP scam that hit 71 investors.
- Scammers promised 1.5-1.8% monthly returns via fake blogs, and YouTube, stealing about 3.4M XRP tokens.
- Authorities vow zero-tolerance on crypto fraud and urge investors to verify projects before sending funds.
The Seoul Metropolitan Police Agency has arrested three suspects and requested an Interpol Red Notice for a fourth in connection with an $8.55 million crypto fraud case. Investigators said the group stole about 3.4 million XRP from 71 victims by operating a fake XRP staking website that promised monthly returns.
Seoul Police Arrest Three, Seek Red Notice for One in $8.5M Fake XRP Staking Scam
On July 30, 2026, the Seoul Police Cyber Investigation Unit announced that it had arrested three suspects in connection with a fake XRP staking scheme that de…
Read The Full Article South Korean Police Arrest Three in $8.5M Fake XRP Staking Scam On Coin Edition.
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