Delaware authorities refer the fake BlackRock XRP trust file to the state’s Department of Justice
On November 13, the Delaware State Division of Corporations published a false filing to the Delaware Department of Justice.
On November 14, a spokesperson for the Delaware Department of State told Cointelegraph that asset manager BlackRock will send a false file to state authorities claiming to have registered the “iShares XRP Trust”. The listing, which appeared as a listing in the state's Division of Corporations on Nov. 13, temporarily sent XRP up 12 percent before giving up its gains when it was revealed to be false.
Latest on Fake XRP ETF File: “Our only recommendation is that this matter be referred to the Delaware Department of Justice,” said a spokesperson (Delaware Dept. of State). Curse. Someone outside is peeing his pants as we speak.. https://t.co/Xea226Q1vT
— Eric Balchunas (@EricBalchunas) November 14, 2023
It is unclear what action the Delaware Department of Justice may take in response to the referral. The party or parties responsible for the fake listing used the name of BlackRock Managing Director Daniel Schwiger to prove his credibility, suggesting that XRP transactions may be fraudulent if they are involved.
RELATED: XRP becomes 4th largest crypto after Ripple partially wins SEC
A fake XRP trust filing has hinted that BlackRock may be planning to launch an XRP-linked exchange-traded fund (ETF) in the United States – a major milestone for the crypto space. BlackRock registered an Ether (ETH) trust in Delaware on November 9, but to date, the US Securities and Exchange Commission has not approved the listing of any crypto ETF.
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