Scammers guaranteeing crypto earnings impersonate UK’s FCA emails

  • The emails are selling the idea that Bitcoin is rising in market value in the near future.
  • The FCA has already confirmed that its aware of the emails.

Emails purporting to come from the United Kingdom Financial Conduct Authority (FCA) are going around claiming to offer a "guaranteed chance to earn" on digital currencies. The emails from the regulator bare both branding and logo.

The emails are selling the idea that Bitcoin is rising in market value in the near future. The emails run the subject line as "Guaranteed chance to earn" while the continuation reads:

"Bitcoin is still a long way off its peak price of $20,000, which it reached in 2017, but some cryptocurrency experts believe it could hit an even higher value by 2020."

The recipients are then directed to click on a button branded with FCA’s maroon color saying “Click here.” According to Dominic Thomas the founder of Solomon’s Independent Financial Advisers, he received the emails at least five times over the last weekend and moved to warn the regulator on Monday morning via Twitter.

FCA has already confirmed that its aware of the emails and the that the relevant department has flagged them. This is not the first time a scam communication is coming from the FCA. However, the regulator's website categorically warns consumers on its website that if it sounds too good to be true, it probably is".


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

More Ethereum News

Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

More Monero News

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

More Bitcoin Cash News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast