Pafos Live 17 August 2025
New allegations of online fraud, concerning alleged investments in cryptocurrencies, are being investigated by the Police and specifically by the Nicosia TAE.
According to separate complaints submitted today to the TAE, two men aged 37 and 45, on August 10 and 12 respectively, received a text message through a communication application, about available work with flexible hours and additional income. After the two men showed interest, on the same day they were contacted by an unknown person, who introduced themselves to them as a financial advisor and urged them to invest in cryptocurrencies.
The 37-year-old and 45-year-old proceeded to remittances for the total amount of 40,760 euros and the total amount of 20,031 euros respectively, from their bank accounts, to an online cryptocurrency exchange platform and then transferred cryptocurrencies of the corresponding value, to an e-wallet, indicated to them by their suspicious unknown person.
Later, after the suspect asked them for extra money, for the purpose of disbursing their alleged profit, the 37-year-old and 45-year-old found out that they had been deceived.
The two fraud cases are being investigated by the Financial Crime Investigation Unit of the TAE.
The Police, on the occasion of these new fraud allegations, recommends caution to the public, in relation to the conduct of any transactions and investments via the Internet and urges the public to cooperate only with recognized companies and approved advisors, for any financial investments.
