Token

BlackRock

Fox News reporter Eleanor Terrett has warned of a deceptive news article circulating online.
The publication used her name and official Fox News graphics to promote a scam involving a non-existent BlackRock token.
<h2 id="the-fraudulent-piece">The Fraudulent Piece</h2>
Terrett raised the alarm on X, stating:
<blockquote>
 “There’s a fake article circulating using my name and official Fox graphics to promote a scam BlackRock token sale.”
</blockquote>
She also <a href="https://x.com/EleanorTerrett/status/1865854842310185446" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">cautioned</a> users to remain vigilant against the scam. A screenshot she shared revealed details from the article.
The fake report, dated December 5, falsely claimed that BlackRock, the world’s largest asset manager, had launched a presale for a token named “BlackRock Token (BRT).” The post described this fictional token as a “groundbreaking” initiative to integrate blockchain technology into traditional finance.
It also urged readers to visit a phony website, “BlackRockToken[.]net,” to participate in the presale. The site allegedly provided detailed project information, including step-by-step purchase guides, insights into tokenomics and utility, and updates on supposed milestones.
The post included promotional claims highlighting the “BlackRock Advantage,” describing the token as a testament to BlackRock’s leadership in financial innovation. It claimed that the initiative leverages the firm’s resources, expertise, and commitment to deliver exceptional value to investors, positioning the project as a blend of traditional finance and blockchain’s potential.
The scam news article attempted to appear legitimate by featuring an AI-generated image resembling Fox News graphics and attributing false writing credits to Eleanor Terrett and FOX Business.
Meanwhile, this isn’t the first time BlackRock has found itself on the wrong end of such an incident. Last year, on November 13, a bogus filing appeared on the Delaware Division of Corporations website, claiming that the asset manager had registered an “iShares XRP Trust.” However, Bloomberg ETF analyst Eric Balchunas later <a href="https://cryptopotato.com/the-fake-blackrock-ripple-xrp-etf-application-handed-over-to-delaware-authorities-bloomberg/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">confirmed</a> with the company that the document was fraudulent.
<h2 id="similar-exploits">Similar Exploits</h2>
This incident is part of a broader trend of cryptocurrency-related scams and hacks targeting high-profile platforms and figures. On December 8, the Cardano Foundation’s X account was <a href="https://cryptopotato.com/ada-price-unfazed-despite-hacked-cardano-foundation-x-account-indicating-sec-lawsuit/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">hacked</a> to promote a fake token called “ADAsol.”
The bad actors falsely claimed that the U.S. Securities and Exchange Commission (SEC) had filed a lawsuit against Cardano and alleged that the foundation would cease support for ADA.
Similarly, in September, A Bloomberg report <a href="https://www.bloomberg.com/news/articles/2024-09-23/openai-news-account-on-x-compromised-sends-posts-about-crypto" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">revealed</a> that OpenAI CEO Sam Altman’s X account was compromised to advertise a fake token named “$OPENAI.”
The sham post, filled with errors such as referring to the token as “$OPEANAI,” encouraged users to connect their wallets to a phishing website with a misleading URL, “token-openai[.]com.” The site promised early access to future OpenAI beta programs, preying on unsuspecting users eager to benefit from the nonexistent cryptocurrency.
The post <a href="https://cryptopotato.com/fox-news-journalist-exposes-fake-blackrock-token-scam/" rel="noopener noreferrer nofollow">Fox News Journalist Exposes Fake BlackRock Token Scam</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Fox News Journalist Exposes Fake BlackRock Token Scam

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