Cypriot police are investigating a new case of online fraud involving the loss of a substantial sum of money in Limassol.
According to the complaint, a 31-year-old man was persuaded last month to invest in what he believed was a legitimate investment firm following online communication with unknown individuals.
He transferred more than €60,000 in cash and cryptocurrency to a digital bank account, as instructed by the suspects. The man realised he had been defrauded when he attempted to withdraw part of the funds but could no longer access the account.
In light of the incident, police have renewed warnings about online financial transactions and urged the public to engage only with recognised firms and licensed advisors.
Authorities also reminded citizens never to share personal banking details, card information, or access codes with third parties.