UK's Financial Conduct Authority Is Being Targeted By Crypto Scam Email Campaign

The Financial Conduct Authority (FCA), an important regulator from the United Kingdom, has recently been impersonated by an online scammer via an email campaign.

According to local reports, the emails, which are from a new crypto scam, impersonate the British regulator in order to offer a chance to get money via cryptos. The email uses the logos of the FCA of the Bank of England. There some hints that the email is fake, though. For instance, there is a misspelling in which a button says “click her” instead of “click here”.

This email affirms that BTC is still a long way from reaching its all-time high price of $20,000 USD but that some unnamed experts believe that it could reach new highs in 2020 or earlier.

The founder of Solomon’s Independent Financial Advisers, Dominic Thomas, was one of the first to stop the campaign. He went to social media to warn people that he received an email that was a potential scam using the logo of the FCA several times in the same day.

It is very ironic that the scammers decided to use the logo of the institution that is generally after them in this case. The FCA is often warning investors against investing in this kind of scheme.

Some people have theorized whether there is a virus attached to the email, especially as it encourages people to click on a call to action button that uses the FCA logo.

The FCA, as expected, has confirmed via its official channels that it did not send out the email to the investors. The organization has also affirmed that this kind of email is not anything new and that several scammers try to use the logo as a way to get some legitimacy.

If you have doubts about whether to trust an email or not, you can always cross-reference the information of the company with the register provided by the FCA and similar regulators. When the company that is emailing you is not listed, you should be aware that this is possibly a scam.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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