Delaware refers XRP fake filing to state justice officials 

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Monday’s false busi­ness reg­is­tra­tion for a Black­Rock XRP trust, which briefly boost­ed the token’s price by as much as 10%, has gar­nered the atten­tion of regulators. 

The Delaware Depart­ment of State referred the mat­ter to the Delaware Depart­ment of Jus­tice, a spokesper­son told Block­works Tuesday. 

The reg­is­tra­tion, which cryp­to fans noticed Mon­day after­noon, mir­rored past legit­i­mate reg­is­tra­tions from asset man­ag­er Black­Rock, which is cur­rent­ly vying for the US Secu­ri­ties and Exchange Com­mis­sion to approve its bit­coin and ether prod­ucts. The fal­si­fied reg­is­tra­tion list­ed Black­Rock Advi­sors and Daniel Schweiger as reg­is­tered agents. 

A Bloomberg ETF ana­lyst on Mon­day con­firmed via X the fil­ing was fraud­u­lent, cit­ing a spokesper­son from BlackRock. 

Should the Delaware DOJ pur­sue charges, it would not be the first time the agency has tar­get­ed cryp­to-relat­ed schemes. 

In Sep­tem­ber, the state issued a cease and desist order to OKX.com and three oth­er respon­dents for alleged­ly facil­i­tat­ing a long-term fraud scheme. 

Accord­ing to the order, a senior cit­i­zen lost $275,000 in retire­ment funds after being groomed to make cryp­tocur­ren­cy invest­ments on bybit.us, an imposter of exchange ByBit.com. The funds now reside in wal­lets on the OKX exchange, the Delaware DOJ alleged.

“The use of cryp­to to com­mit fraud, while increas­ing­ly com­mon, presents new chal­lenges for law enforce­ment,” Delaware Attor­ney Gen­er­al Kathy Jen­nings, said when the order was released. Today’s order takes a first step toward pro­tect­ing Delaware investors from the pig butcher­ing scam by freez­ing funds belong­ing to the victim.”

The Delaware DOJ did not imme­di­ate­ly respond to Block­works’ request for comment.


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