A new case of online fraud involving the theft of a large sum of money amounting to €434,000 is under investigation by the police, following a report filed with the Cyber Crime Subdivision by a 53-year-old man.
According to the report, between April 2024 and January 2025, the man was deceived by an unknown individual, who, through online communication, convinced him to invest in cryptocurrencies. The 53-year-old transferred funds to various bank accounts and digital wallets, totalling $508,893 USD, equivalent to €434,890 EUR, before later realising it was a scam.
In light of this new report, the Police urge the public to exercise caution when conducting any financial transactions or investments online. The public is advised to work only with recognised companies and certified advisors for any financial investment.
It is strongly emphasised that bank account details, card information, login credentials for online accounts and emails, and other personal data must be protected and never disclosed to any third parties.
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