Delaware Authorities Investigate False BlackRock XRP ETF Filing
If you’ve been following the recent news, you may have heard about a regulatory filing that suggested that BlackRock had filed an XRP Exchange-Traded Fund (ETF). However, BlackRock has debunked the allegations and clarified that it has not filed any ETFs other than its Spot Bitcoin ETF and Ethereum Spot ETF. This false filing has caught the attention of Delaware authorities.
The Delaware Department of Justice (DOJ) is conducting an official investigation into the false BlackRock XRP ETF filing. The case was handed over to them by the Delaware Division of Corporations. A senior Bloomberg ETF Analyst, Eric Balchunas, revealed in a tweet that the fraudulent XRP ETF filing has been given to the authorities.
Currently, the BlackRock XRP ETF filing is still displayed on the Delaware website. It is unclear what the results of the investigations carried out by the authorities would yield. However, if the fake filing is found to be real, it could lead to fraudulent charges on the party responsible.
Rising Concerns Over Crypto Market Deceptions
Recently, there have been rising concerns about deceptive information causing erratic price movements in certain cryptocurrencies such as XRP. The cryptocurrency experienced gains of over 15% following news of an XRP ETF filing by BlackRock. After the rumors were denied by the asset management company, the cryptocurrency lost back gains and is presently trading at $0.630.
Other deceptive schemes include rumors of BlackRock’s Spot Bitcoin ETF approval by the United States Securities and Exchange Commission (SEC), which caused an uptick in Bitcoin’s price. Additionally, there have been deep fake scam videos going rampant in the crypto space impersonating Ripple CEO, Bradley Garlinghouse and giving out false information and giveaways.
Ripple’s CEO has warned the XRP community to be cautious of these scams targeting XRP holders. Garlinghouse has also stated that community members should endeavor to get all information only from official Ripple channels.
Hot Take: Investors Urged to Stay Vigilant Amid Crypto Market Misinformation
As excitement grows over new developments in crypto markets, it’s important for investors to remain vigilant amid rising concerns about misinformation and deception. With instances like false ETF filings and deep fake scam videos impacting cryptocurrencies like XRP, it’s crucial to verify information from official sources and exercise caution when making investment decisions.
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