Fake FSCS cryptocurrency compensation scheme email
Impersonating: FSCS
What is this scam?
Scam emails falsely claim the Financial Services Compensation Scheme now protects cryptoasset holdings following recent regulatory changes, and invite recipients to register for a higher level of compensation by paying a processing fee. FSCS does not protect cryptoassets and never charges fees to process or register claims — any email asking for payment to unlock FSCS compensation is a scam.
Example scam message
FSCS: Following recent regulatory changes, your cryptoasset holdings are now eligible for FSCS protection. Register your claim and receive enhanced compensation — a one-off processing fee of £89 is required to proceed: fscs-crypto-claim.xyz/register
Red flags to look out for
- FSCS never charges a fee to register or process a compensation claim.
- FSCS does not protect cryptoassets — any claim that it does is false.
- The link goes to an unofficial domain, not fscs.org.uk.
- The email exploits real regulatory news to sound credible.
What to do if you receive this
- Do not pay any fee — this is a scam.
- Check what FSCS actually covers at fscs.org.uk.
- Forward the email to report@phishing.gov.uk.
- Report it to Action Fraud at actionfraud.police.uk.
Received this message?
Forward it to 7726 (free on all UK networks) to report it to your mobile provider.
You can also report it to Action Fraud
or email the NCSC at report@phishing.gov.uk.
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Check a message nowSource: Action Fraud