By cryptoadmin 
In an obvious social media rip-off, people primarily based within the Philippines tried to counsel that the US Treasury created an XRP pockets.
Though this incident instantly had substantial purple flags, it was nonetheless circulated by standard X (previously) accounts. This can be a worrying signal concerning the state of the group in 2025, and there’s no simple answer.
Did the US Treasury Purchase XRP?
Since President Trump took workplace, social media scams have been taking off within the crypto house. After the launch of the TRUMP meme coin, figures in his orbit have launched their very own rug pulls or egregiously sketchy token tasks.
One other rip-off is now taking off, the place somebody claimed that the US Treasury opened an XRP pockets.
“[The] newest instance of the rampant misinformation drawback within the XRP group. This time now we have faux KYC’d accounts from the Philippines pretending to be the US Treasury and issuing faux tokens on the XRPL. I’m being real after I ask, how do folks truly fall for these things?” requested Zach Rynes, Chainlink Group Liason.
The US Treasury XRP Pockets rip-off took off rapidly after it was first posted, with a number of main accounts boosting it. This faux pockets allegedly interacted with main establishments like Financial institution of America and JPMorgan, however on-chain evaluation reveals that it’s primarily based within the Philippines.
A non-US account clearly activated the phony Treasury pockets.
XRP Pockets Rip-off Revealed. Supply: XRPScan
In equity, a number of elements within the broader crypto ecosystem labored to make this hoax appear extra believable. For one, Trump has endorsed a US Bitcoin Reserve, and a number of other states try to launch their very own reserves.
The worth of XRP has been hovering, and a few group members imagine that the Treasury below Trump might need in on the income.
Nevertheless, hoaxes like this work particularly nicely on a susceptible sector of the group: newcomers. Practically half of TRUMP holders have by no means invested in crypto earlier than, and it is a clear signal of the brand new curiosity in crypto.
If uninformed folks hear verified credible accounts claiming that the US Treasury is boosting XRP, they may not have the background to dispute it.
Rynes went on to state {that a} skilled eye might instantly see the purple flags on this incident, nevertheless it’s “onerous to know what the answer is” to main social media hoaxes like this.
In the end, the crypto group might want to do some actual soul-searching, or scams might critically sully the trade’s long-term repute.