Seoul police arrest three in $19 million XRP staking scam that impersonated Flare and hit 71 victims

$19 million, 71 victims, average haul north of $267,000 a head — these weren't retail punters who ape'd on a Discord ping. Flare be the clever blade here: it's the network literally built to bring yield and smart contract mechanics to the XRP ecosystem, so "XRP staking on Flare" sounds like a press release before ye've questioned a word of it. The tell was always at the base layer — XRP doesn't natively stake, the protocol never had that function, so any "staking yield" on offer was fiction from the moment the pitch left their lips. Seoul closing three arrests on a $19M case is faster than most jurisdictions process the paperwork. 🦑

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