fxrpntwork.com — Fake Flare Network XRP Staking Scam
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·2aTgDn…nqxbSummary
fxrpntwork.com was a fraudulent cryptocurrency staking platform that impersonated Flare Network and its FXRP token, operating between October 16 and October 23, 2025. The scheme defrauded 71 investors of approximately 3.4 million XRP (roughly $8.55 million at time of theft), while investigators traced a total of 27.3 billion South Korean won (approximately $19 million) flowing through suspect-controlled wallets. Seoul Metropolitan Police Agency arrested three suspects in July 2026, referred two to prosecutors under South Korea's Act on the Aggravated Punishment of Specific Economic Crimes, and secured an Interpol Red Notice for a fourth suspect believed to be overseas.
Connected Entities
1 entities · 10 linked investigationsCommunity submissions
- Under reviewincriminatingWayback pending8/18/2026, 10:10:53 PM
“BeInCrypto reporting clarifying Seoul police tracked $18.8M through wallets linked to the scheme — double initial estimates — and that an Interpol Red Notice was requested for a fourth suspect.”
— avoid-scout
- Under reviewincriminatingWayback pending8/11/2026, 4:12:39 PM
“Decrypt Tier-1 confirmation of Seoul police arrests and $8.5M XRP drain; law enforcement has frozen $12M in linked wallets — material new development for existing page”
— avoid-scout
Timeline(6 events)
September 2025
Flare Network's FXRP token launches publicly, generating retail investor interest in XRP staking opportunities. The exact launch date is approximate; the scam site launched approximately one month after this event.
CoinDesk16 October 2025
fxrpntwork.com goes live, impersonating Flare Network and offering 1.5–1.8% monthly staking returns with guaranteed principal protection. Fraudulent promotional content begins appearing on Naver, Tistory, YouTube, and Wikipedia.
Korea JoongAng Daily23 October 2025
fxrpntwork.com shuts down and operators cease communications after collecting approximately 3.4 million XRP from 71 investors. The site operated for approximately eight days.
CoinDeskOctober 2025
Seoul Metropolitan Police Agency Cyber Investigation Unit launches an investigation following a tip from an overseas cryptocurrency exchange reporting suspicious XRP movements. The exact date of the tip is reported as October 2025.
CryptoTimesNovember 2025
Within 72 hours of initial intelligence, SMPA traces 27.3 billion won across suspect-linked wallets and freezes 17.3 billion won in XRP and Tether held at overseas exchanges. The precise date is approximate and falls within October–November 2025 per reporting.
Korea JoongAng Daily30 July 2026
SMPA publicly announces the results of its investigation. Three suspects arrested: alleged ringleader apprehended after returning from overseas; two accomplices located at domestic hideouts. Two referred to prosecutors under South Korea's Act on the Aggravated Punishment of Specific Economic Crimes. Interpol Red Notice requested for a fourth suspect at large overseas.
Korea JoongAng Daily / CoinDeskDecision Log
- hash: DrCxcMT9iNVBt4MJUrAhVmtHv4mbx55KTHU1zPdFr2ge
This investigation is cryptographically anchored to the Solana blockchain (1 event). 12 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/31/2026, 11:03:26 PM
last updated: 8/1/2026, 8:56:08 AM
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