EU Scams Surge 40% Post-MiCA Deadline as Fraudsters Impersonate Regulators

Fraudulent actors mimic EU regulators and crypto firms following the July 1 MiCA transition end, targeting users of non-compliant exchanges with fake sites.

Woofun AI reports that EU financial authorities have observed a rise in scams involving impersonation of crypto entities and regulatory bodies since the July 1 MiCA transition deadline. Stéphane Pontoizeau of France’s AMF stated this period "provides scammers with more opportunities than ever before," noting suspects posing as AMF staff to divert assets to fraudulent websites. The Netherlands’ AFM warned that criminals may exploit the search for compliant alternatives, while ESMA confirmed the misuse of its official branding for promotional fraud.