PANews reported on April 17 that according to Finance Magnates, the Malta Financial Services Authority (MFSA) issued a public warning that scammers forged documents from the Malta financial regulator and demanded money from traders in the name of fictitious market manipulation fines, reminding users to remain vigilant.

This scam mainly targets Bitcoin and Ethereum traders. The MFSA said that scammers sent false documents to individuals involved in BTC and ETH trading, claiming that they were fined for suspected market manipulation and threatening regulatory action if they did not comply. The MFSA confirmed that these threats were fabricated and the relevant documents had no legal effect. These forged letters carefully imitated the MFSA logo and tried to trick recipients into paying money.