59-year-old man defrauded in Paphos cryptocurrency investment scam

A 59-year-old resident of Paphos reported a financial fraud case to the Paphos Criminal Investigation Department (TAE). The victim was contacted on a social media platform by an unknown individual who persuaded him to invest in cryptocurrencies. Under the perpetrator's instructions, the man installed specific applications on his mobile phone that granted the fraudster remote access to his screen. Upon checking his accounts at two Cypriot banks, the victim discovered unauthorized transfers totaling 12,000 euros and 13,000 euros, along with seven attempted transfers amounting to 34,600 euros to an overseas bank. Following immediate intervention by the Economic Crime Investigation Office of Paphos in cooperation with the local banks, the transfers of 13,000 euros and 34,600 euros were successfully frozen. However, 12,000 euros had already been illicitly moved from his accounts. The Paphos authorities are continuing their investigation into the matter.