BlackRock warns investors about rising crypto scams targeting ETF investors, emphasizing caution and the need for heightened security measures.
Points
- Rising Scams: Increase in scams targeting ETF investors.
- Social Media Impersonation: Scammers posing as BlackRock representatives.
- Investor Caution: Importance of vigilance and verification.
On July 29, BlackRock issued an urgent warning to investors about the rising incidence of crypto scams, particularly those targeting ETF investors. The firm highlighted the growing trend of scammers posing as BlackRock representatives on social media platforms like WhatsApp and Telegram.
Social Media Impersonation
BlackRock stressed that it never contacts individuals through social media platforms. Scammers often direct users to fraudulent investment websites, claiming to represent BlackRock. The firm urged caution in dealing with individuals, websites, or social media platforms using its brand to offer training or investments.
https://x.com/BlackRock/status/1817672808853377193
Legal Actions Against Fake Domains
One notable incident involved a fraudulent filing for an XRP exchange-traded fund （ETF） called “BlackRock iShares XRP Trust,” which temporarily drove up the price of XRP. BlackRock had to issue a public statement clarifying that the filing was fake. The rise in scams comes as BlackRock’s Bitcoin and Ethereum ETFs gain significant traction in the market.
Industry-Wide Scams and Hacks
The rise in scams targeting BlackRock investors is part of a broader trend in the cryptocurrency industry. Centralized crypto institutions were the primary targets, accounting for two-thirds of successful attacks. Ethereum was the most exploited blockchain during the quarter, followed by the BNB chain and Arbitrum. These findings underscore the need for heightened security and awareness among cryptocurrency investors.
Conclusion
BlackRock’s warning about rising crypto scams targeting ETF investors highlights the importance of vigilance and verification. Investors should be cautious when dealing with individuals or entities claiming to represent BlackRock and ensure they rely on verified sources for investment decisions.
解説
- Rising Scams: Increase in scams targeting ETF investors.
- Social Media Impersonation: Scammers posing as BlackRock representatives.
- Investor Caution: Importance of vigilance and verification to avoid scams.