BlackRock, a top US investment company, recently revealed a surge in investment fraud cases carried out in its name, especially those carried out through cryptocurrency websites and social platforms such as WhatsApp and Telegram.
BlackRock solemnly stated that the company and its executive team will not provide investment advice or request payment on any social media channel, and reminded investors to be vigilant against suspicious individuals or platforms using the BlackRock brand.
BlackRock issues warning to investors
In an official statement on July 29, BlackRock made it clear that neither the company itself nor its executives have ever made any investment recommendations or solicited payments from the public through social media platforms, including WhatsApp and Telegram. BlackRock warned investors: "Our company and executive team will never contact anyone on social media to provide investment advice or request payment. Please remain vigilant and stop participating immediately if you encounter suspected fraud."