Seoul police arrested three suspects and detained two in connection with an XRP staking scam that defrauded 71 investors of 3.4 million XRP, worth about $8.5 million at the time. The fraudulent FXRP Network website promised monthly returns of 1.5% to 1.8% and falsely claimed ties to legitimate projects like Flare Network. Authorities froze 17.3 billion won in virtual assets and are pursuing an overseas ringleader with an Interpol Red Notice. The case highlights risks of scams using real blockchain asset names and warns investors to verify platforms and be wary of guaranteed returns requiring multiple transfers.
XRP price rose 1.68% to about $1.09 on July 30, supported by $584,000 in ETF inflows and Aviva Investors' plan to use the XRP Ledger for a tokenized fund share. Despite this, XRP faces resistance near $1.10 and shows weak money flow, indicating selle...
XRP is experiencing a significant supply squeeze as Binance records its highest-ever XRP outflow transactions, driven by both retail and large investors moving XRP off exchanges into private wallets. This trend reduces liquid supply and suggests grow...
Bitcoin and XRP were the only cryptocurrencies to record positive ETF inflows recently, attracting $32 million and $585,000 respectively. This rise in inflows coincides with increased large on-chain transactions above $100K, signaling growing institu...
An XRP Ledger Validator has issued warnings about a potential rise in scams as the first lending protocol on the XRP Ledger (XRPL) prepares to launch. This alert follows the recent arrest of scammers involved in a $8.5 million XRP staking fraud in So...
Bitcoin price rose 1.2% to nearly $65,000 following U.S. June inflation data showing cooler Personal Consumption Expenditures (PCE) inflation, reducing immediate pressure on the Federal Reserve to raise interest rates. The total crypto market gained ...
