Dialogos

Massive Fraud: 63-Year-Old Sends Cryptocurrencies to Strangers for Three Years, Loses €850,000

Published January 18, 2026, 17:01
Massive Fraud: 63-Year-Old Sends Cryptocurrencies to Strangers for Three Years, Loses €850,000

A 63-year-old man reported to the Police that he fell victim to an online fraud for three years, from February 2023 to December 2025, losing over €850,000. Unknown individuals, posing as investment advisors, convinced him to make repeated cryptocurrency transfers and bank transfers, as well as to purchase cryptocurrencies. The man realized the fraud when the perpetrators cut off all communication with him. The case is being investigated by the Limassol TAE.