Scam Claims US Treasury Opened XRP Wallet
In an apparent social media scam, individuals in the Philippines tried to suggest that the U.S. Treasury Department had created a Ripple wallet.
Although the incident immediately raised serious red flags, it still circulated among popular X (former) accounts. This is a worrying sign of the state of communities in 2025, and there are no easy solutions.
Has the US Treasury bought XRP?
Since President Trump took office, social media scams has taken off in the cryptocurrency space. after Launching Trump Meme Cointhe numbers on his orbit are Published own carpet handle Or extremely sketchy token projects.
Another scam is emerging, with someone claiming that the U.S. Treasury opened an XRP wallet.
“The latest example of the rampant misinformation problem in the XRP community. This time we have fake KYC accounts from the Philippines, impersonating the US Treasury Department, and issuing fake tokens on XRPL. When I ask, how do people actually fall in love with this stuff? When, I am very sincere?” ask Zach Ryans, chain link Community Liaison.
US Treasury XRP Wallet The scam started quickly After its initial release, there were several major Account Promote it. The fake wallet allegedly interacted with major institutions such as Bank of America and JPMorgan Chase, but on-chain analyze Revealed that its headquarters is in the Philippines.
A non-U.S. account apparently activated the fake Treasury wallet.
To be fair, there are factors within the broader crypto ecosystem that make this scam look more credible. First, Trump has Supporting the US Bitcoin Reserveand several states working on Start your own reserves.
this The price of XRP has been soaringsome community members believe the Treasury Department under Trump may want to profit from it.
However, pranks like this are especially effective on the most vulnerable members of the community: newcomers. Nearly half of Trump holders Having never invested in cryptocurrencies before, this is a clear sign of new interest in cryptocurrencies.
If an uninformed person hears a verified, trusted account claiming that the U.S. Treasury is pumping XRP, they may not have the context to dispute it.
Raines went on to say that a trained eye could immediately see the red flags in this incident, but with a major social media prank like this, “it’s hard to know what the solution is.”
Ultimately, the crypto community needs to do some real introspection, or Scam could seriously damage the long-term reputation of the industry.
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