Delaware Department of Justice Investigates False BlackRock XRP Filing

Delaware's Department of Justice is potentially investigating a false submission made on Monday, suggesting that BlackRock was preparing to launch an XRP ETF, as per a recent CoinDesk report. The deceptive filing, still visible on the Delaware Department of State's Division of Corporations website as of 2:30 p.m. ET on Tuesday, closely mirrors last week's legitimate paperwork from BlackRock related to its iShares Ethereum Trust product. This legitimate filing coincided with BlackRock's application submission for a spot ether ETF.

The fabricated XRP filing caused a more than 10% surge in the token's value before a BlackRock spokesperson informed CoinDesk that the company had no intention of launching such a fund. A spokesperson from the Delaware Department of State informed CoinDesk on Tuesday that the issue had been forwarded to the state's Department of Justice, providing no further details.

As of now, the Department of Justice spokesperson has not responded to requests for comments. Concerns have been raised about the ease of filing for a trust under a false identity and entity, along with questions regarding the verification process. According to information on the Delaware website, there are seven steps involved in establishing a new business entity, all of which appear to be achievable by completing interactive PDF forms on the website.

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