The post Fake U.S. Treasury wallet dupes crypto community appeared on BitcoinEthereumNews.com.

Crypto influencers face backlash for amplifying a fraudulent U.S. Treasury XRP wallet, revealed to be a scam. On Jan. 22, several large influencer accounts began posting about a U.S. Treasury XRP (XRP) wallet. The story quickly snowballed as it gained traction on X through reposts. Influencers either promoted the wallet or questioned its credibility. An on-chain analysis conducted through XRPSCAN has now revealed that the wallet is based in the Philippines. 🚨The U.S. Treasury has just created an #XRP wallet! Is this real?? 👀 pic.twitter.com/mv9zRKWugp — JackTheRippler ©️ (@RippleXrpie) January 21, 2025 Scam: XRPScan account summary for a verified XRP address, showing key account details including activation by Kraken, a KYC status, and a current balance of 1.199918 XRP. The purported U.S. Treasury wallet, which is connected to major institutions, including Bank of America and JPMorgan, is fraudulent. The wallet address ‘rfHhX6hA54LBqA3j7r7EnCs6qyaRK2Lyfq’ is also KYC verified, which further bolstered people’s belief that it might be a legit source tied to the United States Treasury. Now, many within the crypto community are voicing their concern. For instance, Zach Rynes, community coordinator of Chainlink, criticized so-called “crypto-influencers” for spreading rampant misinformation in the XRP community.  🚨🚨What the Hell. It’s Friday. Let’s break the internet. Lock In folks. We’ve always been right.🚨🚨3/25/2024″Bank of America actually did 100% of internal transfers on Ripple….ultimately the SEC said “hey there’s something going on here”. @JohnEDeaton1 “I have spoken… pic.twitter.com/Q0sPoSd0ry — Digital Asset Investor (@digitalassetbuy) January 10, 2025 He also explained that in 2021, there was a rumor that the Bank of America was executing all internal payments through Ripple. Crypto influencer David Stryzewski, who recently made the false claims about XRP being a Central Bank Digital Currency or CBDC, shared false information on Ripple in a podcast with Former U.S. Senate candidate John E Deaton. Stryzewski, who is the CEO…

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Filed under: News - @ January 22, 2025 6:26 am