A resident of Nicosia transferred almost half a million euros to scammers "for cryptocurrency investments."

According to a complaint received by the police, during the period from October 24, 2023, to February 6, 2024, a 73-year-old man was deceived by unknown individuals over the internet. The fraudsters persuaded him to transfer a large sum of money to a cryptocurrency exchange for investments.

During communication with their victim, the scammers suggested the elderly man create an account on a cryptocurrency exchange. Following their instructions, he transferred around 480,500 euros from his account to a fake website, which was presented as a cryptocurrency exchange.

In light of this new case of fraud, the police remind the public that any transaction over the internet is associated with risk and should always be conducted with great caution.