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$4 million Kenyan bank theft linked to USDT laundering: report

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01-08-2025 - 11:40:13
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Stablecoin adoption has skyrocketed in Africa, where use cases span cross-border remittances, payments, and hedging against depreciating local currencies. However, their use in crime is also on the rise.

In Kenya, cybercriminals who stole over $4 million from a local bank reportedly laundered the proceeds through USDT and decentralized platforms. Meanwhile, in Nigeria, authorities are sounding the alarm about politicians concealing their embezzled funds in digital asset wallets.

More >> https://coingeek.com/4-million-dollar-kenyan-bank-theft-linked-to-usdt-laundering-report/

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