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.
You may also be interested in:
- Child abduction in Limassol reveals serious gaps in Cyprus's security system
- Prices in Cyprus stores continue to rise, while diesel in Paphos remains the most expensive
- Construction materials continue to become more expensive in Cyprus
- Tourism in Cyprus: April decline slows down, but figures remain negative
- Halloumi producers demand reversal of goat and sheep milk ratio reduction

