EU MiCA Shake-up Lets Crypto Scammers Target Users
August 7, 2026
European financial watchdogs warn that criminals are exploiting this market transition to steal funds. Fraudsters are impersonating official regulators or licensed exchanges to trick users into sending assets to fraudulent websites.
Key Takeaways
Scammers targeted crypto users after ESMA’s July 1 MiCA deadline by spoofing regulators and exchanges.
Over 1,700 unlicensed platforms face shutdowns…