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January 22, 2025

Scammers Target the Crypto Space: Fake US Treasury XRP Wallet Exposed

A recent analysis has unveiled a fraudulent claim suggesting the U.S. Treasury created an XRP wallet, exposing vulnerabilities within the crypto ecosystem. This scam, traced back to the Philippines, misleadingly linked itself to respected institutions like Bank of America and JPMorgan. As cryptocurrency adoption rises, maintaining vigilant security measures is critical for users. Understanding how scams operate can help participants navigate the crypto landscape safely and engage effectively with legitimate projects.

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