BlackRock warns investors about a rise in crypto scams targeting its iShares Bitcoin and Ether ETFs, urging caution against social media impersonators.
BlackRock, the New York-based asset management goliath, noticed an uptick in crypto scammers targeting its iShares spot Bitcoin and Ether exchange-traded funds (ETF) investor base and issued an alert against social media impersonators.
On July 29, BlackRock urged investors to avoid all social media interactions with individuals or businesses posing as BlackRock representatives that typically bait victims by offering training or investments. The warning said:
Scammers impersonating BlackRock actively target crypto ETF investors through social media platforms. Users are advised to note that BlackRock never contacts users through social media platforms to demand payments or offer investments.
