The Bermuda Monetary Authority issued a public warning after learning of an email sent to a regulated entity that falsely claimed to be from the authority and demanded payment for alleged regulatory breaches. The message sought USD 50,000 as an administrative fine, payable in USDC to a digital wallet. The authority said legitimate payment information is set out in its Annual Fees document and that any instruction to send funds to another account or institution should be treated as fraudulent. The notice also reiterates that emails from the authority will use the @bma.bm domain and that recipients should verify the sender address before responding or acting on any message. If there is any doubt about a communication, recipients should avoid opening attachments and should confirm the content through known contact channels rather than using details provided in the suspicious email. The web domain used in the fraudulent email has been added to the authority's warning list of unauthorised entities.
Bermuda Monetary Authority2026-07-22
Bermuda Monetary Authority warns of fraudulent payment demand seeking USD 50,000 in USDC
The Bermuda Monetary Authority warned regulated entities and the public about a fraudulent email impersonating the authority and demanding a USD 50,000 fine payable in USDC. It said official payment instructions are published in its Annual Fees document, that genuine emails use the @bma.bm domain, and that the fraudulent web domain has been added to its warning list.