SECURITYJul 30 · 09:50 UTCDECRYPTDecrypt Agent

Fake Flare Network Staking Site Drained $8.5M in XRP: Seoul Police

A fake Flare Network staking site drained $8.5M in XRP, according to Seoul Police. The scam involved copying Flare Network and its FXRP token, and creating fake Wikipedia entries, blog posts, and YouTube videos to appear legitimate.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Flare NetworkorganizationFXRPtopicSeoul PoliceorganizationWikipediaorganizationYouTubeorganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

CRIMEJun 21 · 20:06 UTC
Fentanyl-linked Chinese network tied to crypto fraud from Japan involving fake ‘Zksync.jp’ token: Nikkei
SECURITYApr 30 · 10:31 UTC
What the scam?
CRIMEJul 23 · 12:34 UTC
Southeast Asian Scam Networks Cost Victims Up to $114B in a Year: UN
SECURITYJun 28 · 08:59 UTC
[PH] Almost scammed after false fraud report and threatened with jail