BlackRock Reports Fake Application for XRP ETF
Main page News, XRP

Asset manager BlackRock has filed a complaint with US authorities regarding a fake application to launch an ETF based on XRP.

A company representative has said:

"Our only comment is that this matter has been referred to the Delaware Department of Justice."

According to the jurisdiction's website, seven steps are required to create a new legal entity by completing PDF forms online. Apparently, the attacker found and used BlackRock CEO Daniel Schwieger's data to register the trust.

If it turns out that XRP was involved in the scam, the police could classify the incident as fraud.

Fake news about BlackRock filing documents for the launch of the iShares XRP Trust was spread on Tuesday morning, which resulted in the price of the token temporarily skyrocketing 15% in just half an hour.

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