Paphos: 40yo loses 28,958€ in crypto scam

Date:

Scam details

Last November, the victim connected via telecom platform with an unknown person who convinced him to invest in crypto. He bought cryptocurrencies and sent them to a specified electronic wallet.

Realising the scam, when requesting withdrawal of funds and alleged profits, scammers demanded additional 20,000€ deposit.

Victim lost 34,010 USD, equivalent to 28,958€.

Police advice

Police urge caution with online transactions and investments. Deal only with recognised companies and approved advisors for financial investments.

Protect bank details, cards, online passwords, emails, personal data; never share with anyone.


Also read: Global online scam ring with call centres in Cyprus

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