Kenya: U.S. Embassy Credits Kenyan Agencies in Usd750,000 Crypto Seizure

Kenya: U.S. Embassy Credits Kenyan Agencies in Usd750,000 Crypto Seizure

Nairobi -- The US Embassy in Nairobi has praised Kenyan investigative agencies, prosecutors and financial regulators for their role in a joint operation that seized more than USD750,000 (about Sh97 million) in cryptocurrency linked to a multimillion-dollar student financial aid fraud scheme in the United States.

US Seizes Ksh97 Million in Kenyan Fraud Investigation

The United States government has seized more than Ksh 97 million in cryptocurrency from an account belonging to a Kenyan national as part of an investigation into a major student financial aid fraud involving stolen American identities. The seizure followed investigations into an alleged international criminal network that obtained millions of dollars through fraudulent applications […]

US Embassy credits Kenyan agencies in USD750,000 crypto seizure

The embassy said cooperation between Kenyan and American law enforcement agencies had been instrumental in disrupting the fraud network.