Kenya Arrests Alleged Mastermind of $431,000 in USDT Fake Gold Scam
BeInCrypto
Kenyan authorities have arrested Mildred Kache for her role in a fraudulent scheme involving fake gold that defrauded an investor of 431,380 USDT.Summary
Kenyan detectives from the Directorate of Criminal Investigations (DCI) have arrested Mildred Kache, accused of masterminding a scam that defrauded an American investor of 431,380 USDT. The perpetrators lured the victim with a fraudulent offer of 400 kilograms of gold, taking payment via stablecoins before severing communication. While Kache is currently in custody, authorities continue to search for her accomplice, Ibrahim Yusuf Mohamed. The incident highlights the growing use of USDT in international fraud due to its rapid, irreversible nature, prompting Kenyan authorities to expedite new crypto regulations.
(Source：BeInCrypto)