The Financial Sector Conduct Authority (FSCA) has issued a public warning against xrp2024.live, an unregistered platform soliciting investments in crypto with promises of unrealistic returns.
The FSCA confirmed that xrp2024.live is not authorised to provide financial services in South Africa.
Reports indicate the platform urges users to deposit funds into crypto wallets, raising concerns of a potential scam.
Key warnings from the FSCA:
- No FSCA authorisation – The entity is not licensed to operate.
- Unrealistic returns – High-profit promises are a major red flag.
- No verifiable contact – The FSCA could not reach xrp2024.live for comment.
✔ Verify FSP registration via FSCA’s website or toll-free line (0800 110 443).
✔ Avoid unregistered investment schemes, especially on social media.
✔ Check if an FSP’s license matches their claimed services.
“Always confirm authorization before investing,” the FSCA stressed. “Scammers exploit hype—stay vigilant.”