The KwaZulu-Natal police have warned of ongoing online scams known as Onisec Future, Bitfury or Skye State after three cases were reported.

Police spokesperson, Lieutenant Colonel Nqobile Gwala, says detectives from the Provincial Commercial Crime unit are currently investigating two cases of fraud that were opened in Phoenix and one opened in Mountain Rise.

Scammers are encouraging victims to make paments whereafter the investors were unable to make withdrawals and could no longer communicate with the company, Gwala says.

“The members of the community become aware of investment opportunities through social media and people who have already joined.

“They interact with the suspects who pretend to be knowledgeable and wish to assist them with registrations and deposits. The victims are promised high returns and further communication stops when huge sums of money have been deposited,” warns Gwala.