A Limassol Resident Gave Fraudsters $58,000 Under the Guise of Cryptocurrency Investments
In Cyprus, the police are investigating a new case of cyber fraud: a Limassol resident gave fraudsters $58,000, intending to make a profitable investment in cryptocurrency.
According to the police, a 50-year-old man reported that during an online search, he came across a website promoting lucrative investments with the aim of making a profit. In December, the victim "invested" $58,000 in cryptocurrency.
When the man tried to collect the expected profits, he was instead asked for additional funds in order to withdraw his money, but as a result, he was unable to recover either the invested money or the expected profits.
Realizing he had fallen victim to fraudsters, the victim reported the incident to the police. The Limassol Police Criminal Investigation Department is now investigating the case of fraud.
The police once again urge the public to exercise caution when responding to online promises of high returns from investments and recommend working only with trusted consultants.
Author
Born in 1984 in Russia, in the city of Yekaterinburg (Sverdlovsk region). Since 2023, he has been living in Northern Cyprus. Education: Ural State University (UrGU, now UrFU), Faculty of Journalism. Specialization – journalist (2007). Professional experience: From 2003 to 2023, he worked in…
You may also be interested in:
- MPs outraged by attempt to “push through” airport fine-check system via supplementary budget
- Ancient galaxy Y1 discovered, forming 180 stars per year
- AKEL will block the payment of €3.9 million under the speed-camera contract
- The Green Party and the Animal Party presented a joint platform for the 2026 parliamentary elections
- Greek Cypriot and Turkish Cypriot parties agreed on joint action on the environment
