As hundreds of firms stop serving EU investors, many users are being asked to move accounts or assets, creating the uncertainty that impersonation scams thrive on. The Financial Times reported that French regulators, Dutch authorities and those at the EU have all said that there has been an increase in these scams. EU crypto migration fuels phishingThe extent of the implementation of MiCA clarifies why the swindlers are putting their emphasis on the transition. Binance was one of those who suffered from losing the MiCA license ahead of time and terminating services for users in the EU. A trend that predates the deadlineImpersonation scams were not initiated by MiCA, but it gave a much-needed opportunity to fraudsters.