Fake Flare Network / FXRP staking site fxrpntwork[.]com took 3.4M XRP from 71 investors (Oct 2025), per Seoul police
- Scam type: Scam
- Project or site name: Fake Flare Network / FXRP staking (fxrpntwork.com)
- Incident date: 2025-10-23
- Reported: 2026-10-24
- Last updated: 2026-10-24
Seoul police say the site fxrpntwork[.]com impersonated Flare Network and its FXRP token. It ran for eight days in October 2025 and took about 3.4 million XRP, worth 12.3 billion won (about $8.5 million), from 71 investors (Decrypt, https://decrypt.co/374696/fake-flare-network-staking-site-drained-8-5m-in-xrp-seoul-police; CoinDesk, https://www.coindesk.com/business/2026/07/30/fake-staking-site-drains-usd8-5-million-in-xrp-from-dozens-of-investors-promising-easy-yield). How it worked, per police: the site promised monthly returns of 1.5% to 1.8% with principal guaranteed. Investors were told…