According to recent warnings from security think tanks and financial watchdogs, bad actors are aggressively exploiting the widespread anxiety and confusion surrounding platform closures to run sophisticated phishing campaigns.
The Compliance TrapWith roughly 90% of previously operating crypto firms failing to secure full EEA-wide authorization or winding down uncompliant services, retail users are facing unexpected wallet freezes and account migrations.
Cybercriminals are setting up convincing fake websites and posing as regulatory "watchdogs" or customer support representatives from compliant exchanges. They target users facing disruption, coercing them into transferring assets to "secure wallets" or surrendering private keys.
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