BlackRock has advised its customers of the rise in crypto fraud following the approval of spot Ethereum ETF. The investment firm warned customers to avoid suspicious transactions and again noted that the company does not communicate with customers through social media.
The company emphasized that customers must confirm the genuineness of offers to avoid being duped.
BlackRock Warns of Rising Crypto Scams
BlackRock has reported increased incidents of scams that lead victims to fake websites and social media accounts for cryptocurrencies. These scams typically swindle users of their cryptocurrency using the BlackRock name. Thus, BlackRock has published a statement stating that it does not participate in proposals made through these channels.
One example is the fraudulent “BlackRock iShares XRP Trust” that recently appeared on an official registration service. The scam caused a brief surge in XRP prices until the fraud was uncovered. BlackRock had to assure that it had n
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