XRPScan flags suspect account amid rumors of U.S. Treasury affiliation.
XRPScan Issues Warning to XRP Community
XRPScan, a trusted XRP Ledger Explorer, has cautioned the XRP community about speculations surrounding a suspicious account allegedly linked to the U.S. Treasury.
In its tweet, XRPScan stated:
“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.”
Public Blockchain Risks
XRPScan emphasized that, like other public blockchains, the XRP Ledger (XRPL) allows anyone to create accounts and set fields with arbitrary information. Blockchain explorers like XRPScan provide neutral information and only flag accounts when absolutely necessary.
In response to these concerns, XRPScan has marked the suspect account as spam.
Community Discussions and Clarifications
The announcement follows heated discussions on X (formerly Twitter), where users speculated that the U.S. Treasury had created an account on the XRPL. This prompted input from prominent voices, including Ripple CTO David Schwartz and XRPL developer Wietse Wind.
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…
Expert Insights
Wietse Wind clarified that public fields on blockchain accounts, such as the domain field, can be modified by anyone and do not confirm official affiliations. Wind urged users to adopt a “don’t trust, verify” approach when evaluating claims on public blockchains.
David Schwartz elaborated on verifying account ownership, explaining:
- The Domain field is set by the account owner.
- The TOML file is controlled by the domain owner.
Matching these elements provides a verifiable connection between an account and its domain.
Importance of Caution
This incident highlights the need for vigilance within the XRP community, especially when engaging with public ledger data. The message is clear: verify before trusting any claims.
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