
Two individuals in Limassol have reported losing nearly $3 million in cryptocurrency following a fraud incident, police said on Tuesday.
They alleged they were targeted by a scam, and a 32-year-old man has been arrested as a suspect.
The victims, who had been using ‘cold’ electronic wallets (offline wallets designed to keep funds secure) for the past six years, were storing investments in various cryptocurrencies. However, they recently discovered that