After the end of the EU MiCA transition period on July 1, impersonation‑targeted scams against cryptocurrency users have grown. Fraudsters pretend to be staff from ESMA, France’s AMF or crypto‑exchange employees. They claim platforms lack valid licences and assets require urgent transfers, tricking victims into sending crypto‑assets to fake websites and wallets. ESMA statistics confirm only 323 crypto‑firms have obtained licences. VASPnet estimates over 1,700 unlicensed entities must shut down services.