European regulators, including France's AMF, ESMA, the Netherlands' AFM, and Austria's FMA, report a rise in scams since the July 1 MiCA deadline. Fraudsters exploit the migration of up to 10 million users from over 1,700 unlicensed platforms to 323 authorized ones, using fake platforms and administrative fees to steal funds. Regulators warn users to verify providers on official registers and be suspicious of unsolicited fund transfer requests.