"This is the latest example of the prevalence of misinformation in the XRP community," Zach Rynes, Chainlink's community liaison officer, said in an alert posted on the X platform. "This time, we found fake KYC accounts from the Philippines posing as US Treasury and issuing fake tokens on XRPL." The US Treasury XRP wallet-related scam post went viral as soon as it was posted, with multiple popular X accounts retweeting it. The fake wallet was said to have interacted with major institutions such as Bank of America and JPMorgan Chase, but on-chain analysis showed it was located in the Philippines, meaning a non-US account apparently activated the fake Treasury wallet. Rynes said trained people could immediately see red flags in the incident, but "it's hard to know how to fix a social media scam like this".