A fabricated document submitted to the Delaware Division of Corporations on November 13 is now under scrutiny and will be referred to the Delaware Department of Justice.
According to a statement released on November 14 by a spokesperson from the Delaware State Department of State, fraudulent documents claiming that the asset management firm BlackRock registered the “iShares XRP Trust” have been identified and will be presented to state authorities. The false registration, which appeared in the Companies Department records on November 13, briefly boosted the price of XRP by approximately 12%. However, the value swiftly declined after the misinformation was exposed.
The response or actions to be taken by the Delaware Department of Justice regarding the referral of the false documents remain unclear. The individuals responsible for the falsified listing purportedly used the name of BlackRock managing director Daniel Schwieger, raising concerns of potential fraudulent activity, particularly if it involves XRP transactions. The forged documents suggesting an XRP-linked exchange-traded fund (ETF) launch by BlackRock mark a significant development in the cryptocurrency sector. While BlackRock had registered Ethereum with the Delaware Trust Company on November 9, no spot crypto ETF listings have yet been approved by the Securities and Exchange Commission (SEC).
