Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
CoinDesk·
60-second summary
Seoul police are investigating a fake staking site that has drained $8.5 million in XRP from dozens of investors, with the total loss potentially rising to nearly $20 million. Two alleged scammers have been detained, while a third remains at-large. The scam promised easy yield, preying on unsuspecting investors, highlighting the ongoing risk of crypto scams.
Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.