Police investigate crypto scam after woman loses over €15,000

Police on Tuesday were investigating a new cryptocurrency scam after a 38-year-old woman reported losing €15,660 to a purported crypto investment scheme.

The woman told the police that in April she found an online cryptocurrency platform that advertised cryptocurrency investment schemes with the intention of making a profit.

She contacted a representative, who convinced her to create an account on the cryptocurrency platform.

With the guidance of the suspect, the 38-year-old proceeded to pay three bank transfers of €200, €2,500 and €12,960 respectively to an online bank account indicated to her, for investment in cryptocurrencies.

With the total amount paid amounting to €15,660, when she later asked the suspect to help her withdraw her money, he told her that she would have to invest more money first.

Suspecting she had fallen victim to fraud, the woman filed a complaint with Limassol CID on Tuesday morning.