Warning: US Treasury XRP wallet-related scam spreads on social media

"This is the latest example of the prevalence of misinformation in the XRP community," Zach Rynes, Chainlink's community liaison officer, said in an alert posted on the X platform. "This time, we found fake KYC accounts from the Philippines posing as US Treasury and issuing fake tokens on XRPL."
The US Treasury XRP wallet-related scam post went viral as soon as it was posted, with multiple popular X accounts retweeting it. The fake wallet was said to have interacted with major institutions such as Bank of America and JPMorgan Chase, but on-chain analysis showed it was located in the Philippines, meaning a non-US account apparently activated the fake Treasury wallet. Rynes said trained people could immediately see red flags in the incident, but "it's hard to know how to fix a social media scam like this".