XRP Fraud Scams Result in $9 Million Theft and International Arrests

A fraudulent social‑media campaign impersonating Ripple posted a fake announcement about "XRP Holder Tiers" and directed users to a counterfeit website. The scheme urged holders to connect wallets or share seed phrases, leading to the theft of roughly $19 million in XRP. Hussein Zangana, director of community at the XRP Ledger Foundation, warned that the announcement was entirely fabricated and urged users to avoid the link. Developers such as Wietse Wind also cautioned the community about similar fake token promotions.

Separately, South Korean police arrested three suspects linked to a fraudulent XRP investment platform that stole about $9 million from 71 investors. The platform promised guaranteed principal and monthly returns of up to 1.8 %, collected around 3.4 million XRP, and then vanished. Investigators traced over 27 billion won through related wallets and issued an Interpol red notice for an alleged overseas accomplice. The scammers copied branding from the Flare Network and FXRP to lend credibility to the scheme.