In 2025, individuals in the Philippines attempted a social media scam by suggesting that the US Treasury had created an XRP wallet. Despite the red flags, this misinformation was shared by popular X (formerly) accounts, highlighting a concerning state of the crypto community. Similar scams have been prevalent since President Trump took office, with figures associated with him launching their own suspicious token projects. The US Treasury XRP Wallet scam spread quickly, with major accounts boosting it, but on-chain analysis revealed it was based in the Philippines. The hoax seemed plausible due to Trump's endorsement of a US Bitcoin Reserve and the soaring price of XRP. These scams primarily target newcomers to the crypto space who may not have the knowledge to detect the deception. The crypto community needs to address these issues as scams can damage the industry's long-term reputation.



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