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Suspect arrested as Ugandan crypto traders allege UPDF involvement in abductions

Summary by Pulse Uganda
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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Pulse Uganda broke the news in on Thursday, May 29, 2025.
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