I recently stumbled upon a pretty alarming incident: the XRP community is seeing large-scale scams once again. Someone impersonated the U.S. Department of the Treasury to issue fake tokens on XRPL, and even forged the wallet address, claiming to have ties with U.S. institutions like Bank of America and JPMorgan. Even more outrageous, once this fake wallet was released, it was immediately forwarded by a bunch of big-name influencers, spreading at an astonishing speed.

On-chain analysis found that the so-called “Treasury wallet” was actually a Philippine account, registered using fake KYC information. Ripple scams are endless. Even though this time’s method looks fairly crude, people still fell for it. Chainlink’s liaison, Zach Rynes, came out to remind everyone that experienced users can spot the problem at a glance, but ordinary users simply can’t tell what’s real from what’s fake.

The most painful part is that he also admitted there’s really no good solution to these kinds of social media scams. So, as the old saying goes, in the crypto world don’t trust any official statements without verification—especially ones that haven’t been confirmed. Have you ever been scammed by a similar Ripple (XRP) scam?