Police in Limassol are investigating a new case of online cryptocurrency investment fraud after a 60-year-old woman reported losing €135,000.
According to her complaint, the woman received an email last June that appeared to have been sent by an online bank. The message advertised what it described as a major cryptocurrency investment opportunity offering very high returns.
Woman followed instructions sent online
The woman contacted the sender through an online messaging app and followed the instructions she was given.
Using a link sent by the individual, she registered on an online cryptocurrency trading platform and created a digital wallet.
During the same period, the 60-year-old transferred €135,000 from her account at a bank in Cyprus to an account she held on an online trading platform.
She later discovered that the entire amount had been removed from her online account and transferred without her consent to various cryptocurrency wallets that she could not access.
The Limassol CID Financial Crime Investigation Office is investigating the case.
Police urge caution over online investments
Following the latest report of a Limassol crypto scam, police urged the public to exercise caution when making investments or conducting transactions online.
People are advised to deal only with recognised companies and approved financial investment advisers.
Police also stressed that passwords for online accounts, bank account and card details, and other personal information should be protected and never disclosed to anyone.
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