News
Man remanded in Nicosia over alleged €500,000 cryptocurrency investment fraud
A 25-year-old man was remanded for seven days in Nicosia over allegations he defrauded 18 people of more than €500,000 through cryptocurrency investments.
Nicosia, Cyprus. A 25-year-old man was arrested over allegations that he defrauded 18 people of more than €500,000 through cryptocurrency investments, police said on Friday.
The suspect was remanded in custody for seven days following a court appearance on Friday.
Investigation
Police said the suspect allegedly obtained the money between June 15, 2025, and April 1, 2026.
Authorities are investigating suspected offences of theft, money laundering and violations of betting legislation.
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