Pensioner swindled out of almost €90,000

A 66-year-old man reported that unknown individuals reached out to him via online platforms from May to November 2025, convincing him to invest in cryptocurrencies, police said on Wednesday.

Following the suspects’ instructions, the man transferred a total of €89,816 to a cryptocurrency platform, where the suspects had created an account for him.

After the 66-year-old lost all communication with the suspects in November, as well as any access to the accounts they had created for him, he suspected that he had been scammed.

The case is being investigated by the economic crime unit of Paphos police.

Police advised the public to be careful when making any transactions and investments via the internet.

They said to cooperate only with recognised companies and approved advisors for any financial investments.

Bank account and bank card details, passwords to online accounts and email accounts, as well as other personal data, must be protected and never disclosed to any persons.