An analysis via XRPSCAN revealed that the wallet, despite its KYC verification, is located in the Philippines and has no connection to the US government. The widely circulated scandal has angered many crypto experts. Chainlink community coordinator Zach Raines has strongly criticized the influencers who spread the misinformation, warning of the risks of promoting such lies in the XRP community.
He also pointed to previous rumors linking Bank of America to Ripple, which were later proven to be false. Meanwhile, social media platforms, especially X, are seeing a sharp rise in crypto-related scams. According to the Scam Sniffer report, December 2024 saw an 87% increase in fake accounts, raising concerns about the sophisticated methods scammers are using to target crypto users through techniques such as phishing and fake accounts.
This revelation highlights the importance of being vigilant and cautious when dealing with information in the volatile world of cryptocurrencies. $XRP
