XRPScan, a widely used XRP Ledger (XRPL) explorer, has issued an urgent advisory to the XRP community following recent rumors surrounding an XRP account allegedly linked to the U.S. Treasury. In a statement shared on Twitter, XRPScan addressed the situation, urging the community to practice caution. “A statement on the widely shared XRP account purporting to be a U.S. government-affiliated account. We request the community to do their own due diligence before trusting, buying, or selling tokens on the public ledger,” the tweet read. The platform emphasized that public blockchains such as XRPL allow anyone to create an account and input data into fields without restriction. XRPScan clarified its role as a neutral blockchain explorer that does not actively censor information unless deemed necessary. As part of its precautionary measures, XRPScan flagged the suspicious account as spam to mitigate further confusion or potential misuse. A statement on the widely shared XRP account purporting to be a US Government affiliated account. We request the community to do their own due-diligence before trusting, buying or selling tokens on the public ledger. As with any other public blockchain, anyone can create an… — XRPScan (@xrpscan) January 22, 2025 Community Responses and Expert Insights The advisory from XRPScan comes in the wake of significant speculation within the XRP community, particularly on X (formerly Twitter), regarding the account’s alleged ties to the U.S. Treasury. These claims prompted debates and a strong response from notable figures in the XRPL ecosystem, including Wietse Wind, a respected XRPL developer, and David Schwartz, Ripple’s Chief Technology Officer. Wietse Wind provided valuable context about the XRPL’s public nature, explaining that certain features on the ledger, such as the domain field, can be modified by any account holder. “The domain field is a public field on a blockchain account that anyone can enter anything into. Tokens can be issued by anybody, and KYC can be completed by anyone. If KYC has been successfully done, doesn’t have to mean someone is affiliated with something,” Wind stated. Wind also stressed the importance of verification when assessing claims or data on public blockchains. He advised users not to rely solely on surface-level information. “On public infrastructure, with public data, the solution is to not take everything at face value, but to verify. Don’t trust: verify,” he cautioned. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 How to Verify Account Authenticity Adding to these clarifications, Ripple CTO David Schwartz shared insights into verifying the legitimacy of claims made by XRPL accounts. He outlined the steps to establish a provable connection between an account and a domain. According to Schwartz, “The Domain field can only be set by the account owner. The TOML file can only be set by the domain owner. So if they match, that’s a provable connection.” He elaborated on how these tools can help determine whether a specific XRPL account is genuinely linked to the domain it claims. The incident underscores the challenges of navigating public blockchains, where transparency is both an asset and a potential source of confusion. Users are reminded to exercise due diligence, avoid assumptions, and verify any claims made on the XRPL. With experts like Wietse Wind and David Schwartz providing clear guidance, the XRP community can take steps to ensure informed decision-making in response to future uncertainties. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRPScan Issues Warning Over Alleged U.S. Treasury-Linked Account on XRP Ledger appeared first on Times Tabloid .
