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Cryptocurrency scam costs social media user €49,000

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Police on Tuesday mentioned they’re investigating an internet rip-off after a 43-year-old Limassol resident reported he misplaced €49,000 in cryptocurrency investments.

The complainant mentioned he contacted an individual who was concerned in investments to obtain recommendation relating to cryptocurrencies early July.

The 2 exchanged messages by social media and agreed to create a digital pockets at particular buying and selling platforms for the 43-year-old.

In 5 completely different events, the complainant was instructed to make use of his bank card and deposit cash to the net accounts, with the full amounting to €49,000, he advised police.

The scammer then requested him for more cash earlier than he would submit his alleged revenue to him. Then, the 43-year-old determined to contact the person by way of telephone, and realised that he had no connection to the social media profile or its person.

The financial crime investigation workplace at Limassol CID continues investigations.

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