South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3

The ring copied Flare Network and its FXRP token, and planted Wikipedia entries, blog posts and YouTube videos to look legitimate.

Investors were tricked into believing they would receive over 1.5% yields monthly were robbed of at least $8.5 millon worth of XRP.