Suspect arrested as Ugandan crypto traders allege UPDF involvement in abductions
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On Friday, May 30, 2025, twenty-five persons were brought before investigating judges in the context of investigations in Paris into abductions or attempts in the cryptocurrency community.
Suspect arrested as Ugandan crypto traders allege UPDF involvement in abductions
Crypto entrepreneurs and stakeholders in Uganda’s digital asset space have voiced serious concerns alleging involvement of the Uganda People’s Defence Forces (UPDF) in recent abductions and robberies targeting cryptocurrency dealers. The latest case involves the kidnapping and torture of Mr Festo Ivaibi, founder of Mitroplus Labs and creator of the Afro Token project. Following the incident, many crypto traders have shared accounts of similar a…
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