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Police investigate €65,415 cryptocurrency investment fraud complaint

Police are investigating a complaint by a 53-year-old Nicosia man who lost €65,415 after suspects gained access to his bank account.

Police investigate €65,415 cryptocurrency investment fraud complaint
Photo: illustrative photo · Cyprus Inform

Nicosia, Cyprus. Police are investigating a cryptocurrency investment fraud case following a complaint by a 53-year-old man who reported losing €65,415, authorities said on Friday.

The man told police he had allowed unknown callers access to his computer and smartphone after they offered help in claiming profits from earlier cryptocurrency investments.


Complaint and alleged fraud

The 53-year-old filed his complaint on Wednesday, saying he had received a telephone call from an unknown Greek-speaking person who offered assistance in recovering profits from previous cryptocurrency investments.

The caller referred him to a second person, described as a supervisor, who instructed him to download an application onto his computer and smartphone.

After following the instructions, the man allegedly gave the suspects access to his bank account. Various transactions were then made, resulting in total losses of €65,415.

Police warning

Following the latest case, police renewed their appeal for the public to remain cautious and not provide unknown individuals with access to bank accounts or other personal details.

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