CoinDesk·4 min read·medium
Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
O
Olivier Acuna
✦AI Summary
South Korean authorities have detained two men involved in a fraudulent cryptocurrency staking site that allegedly stole $8.5 million in XRP from investors. The scammers used a fake website and deceptive marketing tactics to promise high monthly returns, with police currently seeking an international arrest warrant for a third suspect.
Two men were detained on aggravated fraud charges and a third alleged scammer is on the loose, South Korean news outlet Chosun reported Thursday.
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