Kenya’s National Police Service has launched a Forensics Lab that is expected to fast-track investigations into cyber-crimes, with the Kenya president noting the rising cases of crypto fraud.
Kenya continues to be a hotspot for cyber crimes, in particular blockchain/crypto related scams.
In the latest scam to be reported by Kenya’s Nation newspaper, Kenyans lost $8.5 million in a ponzi scheme dubbed Bitstream. In this scheme investors would be given a mentor, who would send signals to investors on when to trade and how to earn a profit, from daily investments.
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SEE ALSO: Kenyans Lose $8.5 Million to The BitStream Circle Crypto Ponzi Scheme
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However in March 2022, Bitstream Circle stopped sending returns to investors from their app claiming it was undergoing maintenance, only for them to send abusive messages on 14th March 2022.
In a post on a Telegram channel by BitStream Circle, the administrator said:
“You are a bunch of brainless races,…
