Limassol police investigate 280,000 dollar cryptocurrency investment fraud

A 41-year-old man has filed a complaint with the Limassol CID, reporting that he was defrauded of 280,000 dollars through an online cryptocurrency investment scam. The victim stated that in early September 2026, he encountered an online advertisement offering investment opportunities. After contacting an individual posing as an investor, he was persuaded to make an initial deposit of 100,000 dollars.

Over the following months, the perpetrators displayed fake reports of significant profits to convince the victim to transfer additional funds. When the man attempted to withdraw his purported earnings, the scammers refused his requests, citing various procedural issues, and demanded further payments to facilitate the release of the funds. By the time the victim realized he was being deceived, he had transferred a total of 280,000 dollars between September and November 2026.

The Limassol police have initiated an investigation into the matter based on the formal complaint. Currently, no arrests have been reported, and authorities are continuing their inquiries into the fraudulent platform.