DOGE-USUAL Partnership Scam Revealed After Ramaswamy’s X Account Hacked

Vivek Ramaswamy, co-director of Ministry of Government Effectiveness (DOGE), became the target of a surprising cyberattack when hackers took control of its X account.

What followed was a fake announcement that seemed almost too convincing to be true: a partnership between DOGE and the USUAL stablecoin project aimed at transforming government spending through digital currencies. But as the details unfolded, it quickly became clear that it was a scam.

Keep reading for the full story.

A false partnership that deceived many

The now-deleted post from Ramaswamy’s account announced the alleged alliance between DOGE and USUAL, claiming that blockchain technology would make public spending more efficient.

The scammers used phrases like “promote fiscal responsibility” and “achieve economic stability” to make the ad appear legitimate.

However, the fund manager James Fishback quickly intervenedexposing the hack. He confirmed that Ramaswamy’s account had been hacked and called the announcement a “total scam.”

The fraudulent message also attempted to tie the fake partnership to former President Donald Trump’s budget policies, claiming it would streamline federal spending. These claims were completely false, a tactic used to mislead crypto investors.

Targeting the big names in crypto

This incident is just one example of a growing trend in the crypto world, where hackers are using well-known names to spread fake news. Recently, there was another scam involving a coin and the so-called “Hawk Tuah girl”, further demonstrating the growing use of scams to deceive the public.

Elon Musk’s real DOGE plans

Even if the DOGE-USUAL partnership was fake, Elon Musk’s deal Department of Government Effectiveness (DOGE) works on real goals. Recently, the department discovered that 80 percent of the $100 billion spent on federal IT systems was on outdated technology.

Musk believes cutting wasteful spending could help reduce inflation. He continues to push for smarter government spending and economic stability through effective policies.

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The dazzling success of USUAL Stablecoin

Although the DOGE-USUAL partnership is fake, USUAL itself is seeing real success. Launched just four months ago, the stablecoin has already reached a market capitalization of $1 billion, making it the seventh largest stablecoin on the market.

Its success is based on strong reserves, starting with Hashnote, a tokenized money market fund. USUAL also plans to add Ethena’s USDtb stablecoin, backed by BlackRock’s BUIDL fund.

Even though the scam has been exposed, the lessons it leaves behind are clear: always question, always verify.