News Local Police warns of online Bitcoin fraud

Police warns of online Bitcoin fraud

The Office for Combating Cybercrime (OCC) of the Cyprus Police has announced that multiple complaints have been submitted by citizens regarding an online fraud involving cryptocurrency, especially Bitcoin.

The fraud is taking place on social media where individuals pretending to be investors urge the public to click on a link to create an e-wallet and are then prompted to use their credit or debit card to buy cryptocurrency, promising high returns in a brief time period.

Victims are also requested to provide access to PCs and bank accounts as a prerequisite to create an e-wallet and purchase cryptocurrency.

After obtaining access to PCs and bank accounts, the fraudsters transfer the cryptocurrency to their own accounts and erase their tracks.

In some of the reported cases, targets were also contacted by telephone.

Police warn that such cases are very difficult to solve as perpetrators use fabricated electronic data, while it is extremely doubtful that e-wallets or cryptocurrencies can be traced.

Therefore, the public is urged to be very careful with social media ads of this nature, avoid trusting such information online without prior thorough research and to not reveal passwords to PCs and bank accounts.

Read more:

Top Stories

Puppy with green fur born in Sardinia

Pistachio, a puppy who was born with green fur, is seen on the day he was born on a farm on the island of...

Masks in Cyprus mandatory for all in outdoor public spaces as of Friday

Masks in Cyprus are mandatory in all outdoor public spaces - in addition to indoors - for all over the age of 12 as...

Cyprus remains on UK’s “green” travel list despite rising covid cases

Cyprus has remained in the UK Government’s “green” Travel Corridors list despite a rise in coronavirus cases on the island. This means that travellers from...

In final Trump-Biden showdown, less chaos but plenty of clashes

U.S. President Donald Trump and Democratic challenger Joe Biden offered sharply contrasting views on the still-raging coronavirus pandemic at Thursday's final presidential debate, seeking...

Mainly fine on Friday, 32 C inland

Mainly fine on Friday with local cloud developing in the afternoon inland and in the mountains. Winds will be light to moderate, force 3 to...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...