๐จ Mica scams are entering the โofficial-looking websiteโ meta. ๐
After the final transitional phase of MiCA in the EU ends on 1/7, more than 1,000 crypto service providers in the EEA have been identified as still lacking MiCA authorization.
According to TRM Labs:
1,343 providers operating in the EEA as of 1/7
โ 281 are MiCA-authorized
โ 1,062 are not licensed
And this is when scammers step in.
European regulators warn about schemes such as:
โ Impersonating regulators
โ Impersonating licensed exchanges
โ Fake website + logo
โ Requests for a โconversion fee,โ โverification fee,โ or โmanagement feeโ
โ Trick users into transferring assets to the scammerโs address
Key point: donโt just look at the logo or brand name.
Check the specific legal entity on ESMAโs list and cross-check it with the relevant national regulator.
ESMA also emphasizes that they do not proactively contact people to request personal information or management fees.
Scammer: โYour account needs MiCA verification. Pay โฌ500.โ
User: โWhich regulator?โ
Scammer: โTrust me bro.โ ๐
The tighter MiCA compliance becomes, the more scammers have an additional story that sounds very convincing to pose as compliance.
If you receive an email/DM asking for a โMiCA verification fee,โ donโt click right away. Verify the legal entity first, transfer money laterโideally, donโt transfer at all.
#BrainrotCrypto #MiCA