Fraudsters across the European Union are exploiting the implementation of the Markets in Crypto-Assets (MiCA) regulation to launch sophisticated scam campaigns. Impersonators are posing as financial regulators and licensed cryptocurrency exchanges, targeting retail investors who are required to migrate their accounts or re-verify their credentials under the new regulatory framework. These malicious actors use phishing emails and fake support channels to steal personal credentials and drain digital assets from unsuspecting users.
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