Scammers impersonating financial regulators and licensed exchanges are targeting crypto holders who are still moving assets five weeks after the EU’s licensing deadline under the Markets in Crypto-Assets Regulation (MiCA).

This is according to several regulators, including France’s Autorité des Marchés Financiers (AMF), the Dutch Authority for the Financial Markets (AFM), and the European Securities and Markets Authority (ESMA), which described the pattern to the Financial Times.

Fraudsters contact customers of firms that failed to win authorization, present themselves as staff of a regulator or an exchange, then direct the customer to a website or account the criminals control. Regulators say they never cold-contact consumers…