Summary
- Kenya said it has launched a special investigative team to respond to an increase in fraud crimes exploiting virtual assets.
- It reported that investor losses from virtual asset fraud in Kenya recently amount to about $43.3 million.
- The newly formed team plans to focus investigations on virtual asset fraud and cybercrime that are increasing on online platforms.
Kenya, a country that is rapidly increasing adoption of virtual assets (cryptocurrencies), is taking action to respond to fraud crimes that exploit virtual assets.
On the 13th (KST), according to crypto-focused media Cryptopolitan, the Kenya Directorate of Criminal Investigations (DCI) announced that it has launched a special investigative team dedicated to virtual asset fraud.
The background for launching the dedicated virtual asset fraud team lies in the recent increase in virtual asset fraud crimes in Kenya. The Kenya DCI said, "Recently virtual asset fraud has been increasing within Kenya," and "investor losses have also grown large, reaching up to 560,000,000 Kenyan shillings (about $43.3 million)."
The dedicated virtual asset fraud team will focus on investigating virtual asset fraud and cybercrime that are increasing on online platforms.
Rosemary Kuraru, head of the DCI forensic laboratory, emphasized, "We are forming a specialized team to track virtual asset fraud," and "as criminals move to digital spaces that offer anonymity, law enforcement must innovate accordingly."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
