Fraudsters are posing as European regulators, including staff from France's financial watchdog, to target crypto users affected by the fallout around the EU's MiCA deadline, according to Decrypt. The watchdog says scammers are trying to persuade stranded customers to move assets to fake websites.
The warning matters because regulatory transitions can create confusion for users, especially when access to services or assets is disrupted. Scammers appear to be exploiting that uncertainty by presenting themselves as official contacts and using fake sites to solicit transfers.
The reported scheme centers on impersonation: fraudsters claim to represent regulatory authorities and use that appearance of legitimacy to approach customers. France's watchdog said its own staff are being impersonated in these efforts.
The episode highlights a practical risk around major compliance deadlines in crypto markets. Even when the underlying issue is regulatory, the immediate danger for users can come from fraudulent follow-up messages, spoofed websites, and requests to move funds.
Readers should treat unsolicited messages about stranded crypto assets with caution and verify any contact through official channels before taking action. The source report does not identify specific losses, prices, or companies tied to the scam campaign.