- U.S. Treasury’s XRP wallet claim debunked as fraudulent scam activity.
- Experts trace fake XRP wallet to scammers, debunk government ties.
- Rumors of U.S. Treasury XRP wallet found to be misleading.
The cryptocurrency community was thrown into a state of excitement after reports circulated that the U.S. Treasury had created an XRP wallet. This claim, initially shared by 𝐃𝐎𝐌𝐈𝐍𝐔𝐒 XRP Syndicate on social media, quickly gained traction. However, as the news spread, questions arose about its authenticity, sparking a deeper investigation into the matter.
The wallet, identified by the address rUstTtA8cY2ZYbyuusSjjhS5WQs9nqDQrvr, allegedly showed a balance of 6.099988 XRP. While the initial shock about the Treasury’s purported involvement in the XRP ledger raised eyebrows, further investigation into the wallet’s transactions revealed more concerning details.
Notably, there were large transfers to Bank of America, and these movements fueled even more curiosity regarding the government’s potential role in XRP operations.
However, despite these high-profile transactions, the wallet’s authenticity has been called into question. The connection to XUMM, a popular XRP wallet platform, and the https://home.treasury.gov domain appeared to add some credibility to the claim. Still, it was clear that the situation was more complex than initially believed.
🚨The U.S. Treasury has just created an #XRP wallet!
Is this real?? 👀 pic.twitter.com/3Kk8oNDOXU
— 𝐃𝐎𝐌𝐈𝐍𝐔𝐒 ⚡ XRP Syndicate (@BaronDominus) October 12, 2025
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Experts Reveal the Truth Behind the Alleged U.S. Treasury XRP Wallet
Experts have now weighed in, offering a different perspective on the wallet. Don Draven, a well-known figure in the crypto community, stated that on-chain analysis revealed the wallet was not linked to the U.S. Treasury but was instead created by a non-U.S. entity, likely based in the Philippines.
Draven further noted that the wallet used misleading domain references and issued fake tokens named after major financial institutions, such as Bank of America.
Additional reports from other analysts, like XRP-Noelster, confirmed that the wallet’s creation date, listed as January 2025, was part of a fraudulent scheme. The wallet, traced to scammers, was found to have been designed to mimic the appearance of an official government account.
The on-chain activity, including fake transactions and fabricated labels like “Bank of America,” further reinforced suspicions of a scam.
As Narayana, another community member, pointed out, no official U.S. Treasury announcements have confirmed the creation of an XRP wallet. The claims were quickly debunked, with many noting that social media influencers had amplified the false narrative.
According to on-chain analysis, the suspicious wallet activity was inconsistent with known government crypto operations.
Fact-Checking the Allegations: How the Scam Unfolded
Upon closer examination, it became clear that the initial reports about the U.S. Treasury’s XRP wallet were nothing more than a well-executed scam. The wallet, which appeared to be official due to the misleading domain name and false token transactions, was designed to appear legitimate.
However, further investigation revealed the wallet was linked to scammers, most likely operating out of the Philippines.
The fraudulent activity involved tokens mimicking those of prominent financial institutions, such as Bank of America. By using these recognizable names and transactions, the scam sought to convince the public that a significant government institution had backed and was involved in XRP transactions.
This strategy exploited the trust people place in established financial entities, further fueling the false narrative.
Experts and on-chain analysts quickly debunked the wallet’s authenticity, tracing its origins to non-government entities. The false claims were further amplified by influencers and social media platforms, which often serve as breeding grounds for misinformation.
This incident underscores the importance of verifying the source and details of cryptocurrency-related news before jumping to conclusions.
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