Newsroom
A resident of Larnaca has reported losing €50,000 to an online investment scam, according to a statement filed with the Larnaca CID’s Financial Crime Investigation Office.
The man told investigators that between 24 July and 10 November 2025 he was approached on the internet by individuals who claimed to represent a U.S.-based investment firm. Posing as professional brokers, they allegedly offered to guide him through lucrative cryptocurrency investments using a digital trading platform.
The scammers reportedly provided him with an application through which he could supposedly track his deposits, ongoing trades, and fabricated profit figures. Believing the operation to be legitimate, he transferred funds on seven separate occasions from July to late October, sending a total of €50,000 to various foreign bank accounts.
The deception became apparent earlier this month, when he attempted to withdraw what he thought were earnings. At that point, the perpetrators demanded an additional payment, described as a withdrawal fee. Realizing something was wrong, he contacted authorities.
The Financial Crime Investigation Office in Larnaca is currently examining the case.
