According to reports, authorities are particularly interested in tracing the money flow through traditional banking channels that enabled the scheme to operate across multiple jurisdictions.
The criminals, known as Lazarus Group, swiped the huge haul of digital tokens in a hack on crypto exchange ByBit two weeks ago.
Kenya has rejected a push by the United States of America (USA) to allow the operations of cryptocurrency project WorldCoin to resume in the country. Interior Cabinet Secretary Kithure Kindiki told MPs that the US government has been pressuring the Kenyan government to lift the suspension it imposed in August 2023 on the activities of […]
Nadeem Anjarwalla, Binance director for West & East Africa and one of the firm’s two executives detained in Nigeria over tax evasion charges has escaped custody. According to reports from Nigerian media, the 38-year-old Briton, who also holds Kenyan citizenship, disappeared on Friday, March 22nd. Anjarwalla was allegedly allowed to leave the Abuja guest house, […]
When two executives from Binance arrived in Abuja, Nigeria’s capital city, to meet with the government over the role of the world’s largest cryptocurrency exchange in the country’s foreign exchange crisis, they were carrying only hand luggage, expecting to stay a few days. The first meeting on Feb. 26 started off neutral, the second took […]
Four suspects involved in GHash mining a crypto scam have been arrested in Kiambu. According to the Directorate of Criminal Investigations (DCI), 1,336 sim cards including 1,235 Safaricom lines, 80 Airtel lines as well as 21 Telcom lines were recovered from the suspects. The investigative agency further stated that detectives recovered eight mobile phones, a […]
The Directorate of Criminal Investigations (DCI) has noted an alarming increase in reports of Kenyans falling victim to scammers operating through online cryptocurrency investment platforms. According to DCI, the fraudsters employ “deceptive tactics, enticing individuals to invest their hard-earned money with promises of lucrative returns, only for victims to end up losing substantial sums”. The […]
