Scammers Pose as EU Regulators to Target Crypto Users Displaced by MiCA Deadline
3 Articles
3 Articles
Scammers Target European Users Amid EU MiCA Transitions
According to recent warnings from security think tanks and financial watchdogs, bad actors are aggressively exploiting the widespread anxiety and confusion surrounding platform closures to run sophisticated phishing campaigns.
Scammers Pose as EU Regulators to Target Crypto Users Displaced by MiCA Deadline
Scammers impersonating financial regulators and licensed exchanges are targeting crypto holders who are still moving assets five weeks after the EU’s licensing deadline under the Markets in Crypto-Assets Regulation (MiCA). This is according to several regulators, including France’s Autorité des Marchés Financiers (AMF), the Dutch Authority for the Financial Markets (AFM), and the European Securities and Markets Authority (ESMA), which described …
Since 1 July 2026, crypto service providers in the European Union are only allowed to work if they have an authorisation under the MiCA regulation. Those who have not received it until then have to conduct their EU business and ask their customers to withdraw funds. This is precisely the result of a wave of fraud: tens of thousands of investors in Europe are currently quite rightly receiving the message that they should move their money elsewher…
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