According to U.Today, financial giant BlackRock has issued a warning about cryptocurrency-related scams on its social media account. The company cautioned individuals to be wary of websites, social media platforms, or individuals using BlackRock's brand to offer training or investments. BlackRock emphasized that it never contacts anyone through social media platforms.

Last year, BlackRock took legal action against the owners of various fake domains impersonating the New York-based company to defraud investors. Some of these fraudulent websites were related to cryptocurrency. In December, a fake XRP exchange-traded fund (ETF) named “BlackRock iShares XRP Trust” was submitted by a fraudster, causing a significant rise in the price of the Ripple-affiliated altcoin. BlackRock later issued a statement confirming that the filing was fake.

In a recent CNBC interview, BlackRock CEO Larry Fink described Bitcoin as a