Police in Paphos Are Investigating Multiple Cryptocurrency Scams
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Police in Paphos are investigating multiple cryptocurrency scams after a 66-year-old woman was lured in March by a fake online investment website and lost thousands of dollars after making bank-account deposits urged via a messaging app. The case marks the region as a hotbed for crypto scams and highlights security and fraud risks in crypto investment platforms, underscoring the need for stronger consumer protection and awareness.
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- A 66-year-old woman fell victim to scammers in Paphos who stole thousands from her.
- The woman patronized a fake online investment website created by the fraudsters.
- Rampant scam cases in Paphos present the region as a hotbed for crypto scams.
According to reports, the police in Paphos, a coastal city in Cyprus, are investigating a new online scam involving fraudsters who scammed a 66-year-old woman, collecting thousands of dollars from her.
A Typical Scammer’s Technique
The woman complained that she came across a genuine-looking website advertising the investment program in March and created an account. Shortly afterwards, a woman from the program contacted her via an online messaging app, encouraging her to make deposits to a particular bank account.
Following the initial deposit, which was considered an investment, the victim’s account on the website be…
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