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<p>The post <a href="https://coinpedia.org/news/blackrock-warns-of-investment-scams-urges-public-to-stay-cautious/" rel="noopener noreferrer nofollow">BlackRock Warns of Investment Scams: Urges Public To Stay Cautious</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>BlackRock, the world’s largest investment management company, has issued a critical warning about a surge in investment-related scams. With a reputation built on managing $10 trillion in assets, <a href="https://coinpedia.org/news/blackrocks-crypto-focus-bitcoin-vs-ethereum-whos-winning-the-etf-battle/" rel="noopener noreferrer nofollow">BlackRock</a> is advising the public to be vigilant against fraudulent schemes that misuse its name.&nbsp;</p>
<p>The company highlighted that scammers are increasingly targeting individuals through crypto investment websites and social media platforms like WhatsApp and Telegram.</p>
<h2 class="wp-block-heading" id="h-scams-using-blackrock-s-name">Scams Using BlackRock’s Name</h2>
<p>In recent weeks, there has been a sharp increase in scams targeting individuals with fake crypto investment opportunities. These fraudulent schemes often use deceptive websites and social media accounts that wrongly claim to be affiliated with BlackRock.&nbsp;</p>
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   <p lang="en" dir="ltr">There has been a spike in investment-related scams, including directing users toward crypto investment-related websites and/or social media platforms such as WhatsApp or Telegram. We urge caution in dealing with individuals, websites or social media platforms using our brand and…</p>— BlackRock (@BlackRock) <a href="https://twitter.com/BlackRock/status/1817672808853377193?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
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<p>Meanwhile, the company has made it clear that its executives and staff do not use social media platforms like WhatsApp or Telegram to offer investment deals or solicit payments.</p>
<p>Scammers are <a href="https://www.blackrock.com/corporate/compliance/scams-and-fraud?cid=organic-social:linkedin:blackrock:blackrock::::na&amp;linkId=100000241781322" rel="noopener noreferrer nofollow">exploiting platforms</a> like WhatsApp and Telegram to offer fake training sessions, promising high returns. These fraudulent group chats create a false sense of urgency and fear of missing out (FOMO), pressuring individuals to invest quickly without proper verification.</p>
<h2 class="wp-block-heading" id="h-blackrock-issues-urgent-warning-nbsp">BlackRock Issues Urgent Warning&nbsp;</h2>
<p>BlackRock’s warning highlights the need for caution when receiving financial solicitations. The firm stressed that any legitimate communication from BlackRock will come through official channels, not informal ones.</p>
<p>The warning from BlackRock is timely, given the recent surge in interest around their new <a href="https://coinpedia.org/news/ethereum-etfs-hit-wall-street-strong-start-derailed-by-341m-outflows/" rel="noopener noreferrer nofollow">Ethereum ETF</a> and Spot Bitcoin ETF. This increased attention has made the asset manager a prime target for scammers seeking to exploit the growing enthusiasm for crypto investments.</p>
<p>It advises people to steer clear of suspicious offers and to report any fraudulent activity immediately.</p>

BlackRock Warns of Investment Scams: Urges Public To Stay Cautious

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