BlackRock has issued a warning about the rise of crypto-related scams, particularly those exploiting the popularity of ETFs. This article discusses the advisory and its implications for investors.
Points
- BlackRock warns of a spike in crypto scams.
- Scammers impersonating BlackRock representatives.
- Rise in fraud linked to the growth of crypto ETFs.
- BlackRock’s advisory emphasizes caution and due diligence.
On Monday, BlackRock issued an advisory highlighting a significant increase in investment-related scams, particularly those linked to the recent growth of cryptocurrency exchange-traded funds （ETFs）. The financial giant has observed a spike in fraud attempts, with scammers often posing as BlackRock representatives to deceive investors.
Rise of Crypto Scams
The popularity of crypto ETFs has created a fertile ground for scammers. BlackRock noted that fraudsters are directing victims to fake investment websites and social media platforms like WhatsApp and Telegram, pretending to be associated with BlackRock. This surge in fraudulent activities underscores the need for investors to exercise extreme caution when dealing with individuals or platforms claiming to offer crypto investments.
Impersonation and Fraud Tactics
Scammers have become increasingly sophisticated, using the BlackRock brand to lend credibility to their schemes. The advisory warns investors to be wary of unsolicited communications and to verify the authenticity of any investment opportunities purportedly linked to BlackRock. The firm’s iShares Bitcoin Trust （IBIT） and iShares Ethereum Trust （ETHA） have been particularly targeted, given their prominence in the ETF market.
BlackRock’s Response and Investor Advice
BlackRock’s advisory emphasizes the importance of due diligence and vigilance. Investors are urged to verify the legitimacy of investment offers and to be cautious of any schemes that seem too good to be true. The advisory also highlights the need for regulatory awareness, as the growth of crypto ETFs continues to attract both legitimate investors and malicious actors.
解説
- Exchange-Traded Funds （ETFs）: Investment funds traded on stock exchanges, holding assets such as stocks, commodities, or cryptocurrencies.
- Impersonation Fraud: A type of fraud where scammers pretend to be someone else to deceive victims.
- Due Diligence: The investigation or exercise of care that a reasonable person is expected to take before entering into an agreement or transaction.