Two separate cryptocurrency fraud cases reported in Cyprus

Cyprus authorities are investigating two distinct cryptocurrency fraud cases reported this week. In the first incident on August 23, 2026, in Limassol, a 33-year-old Romanian national, Mares Andreea Georgeta, allegedly deceived a victim by posing as a broker. She stole €500,000 in cryptocurrency provided as a security deposit for a business transaction and subsequently fled the country on the same day. Police have issued a warrant for her arrest and are preparing to issue international and European search warrants.

In a second, unrelated case reported in Nicosia on August 28, a 53-year-old man lost €65,415 after being contacted by phone on August 26. Two suspects, acting as investment facilitators, convinced the victim to install software that granted them remote access to his bank account. Once they gained entry, they performed multiple unauthorized transactions. The Financial Crime Investigation Unit of the Nicosia police is currently investigating the incident, as authorities reiterate warnings to the public to avoid sharing personal account access with unknown individuals.