Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official
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Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official

THELOGICALINDIAN - Kenyans are believed to accept absent as abundant as 120 actor to cryptocurrency scammers in the aftermost banking year a government official has said The official about appropriate the cardinal of Kenyans accident funds this way can be bargain if the media helps by disseminating the appropriate advice

Media Told to Offer Guidance

A Kenyan chiffonier secretary has claimed his adolescent countrymen absent about $120 actor to crypto scammers in the aftermost banking year. The secretary, Joe Mucheru, added that abounding Kenyans are accepting scammed because they abridgement the able information.

In his remarks while speaking at a appointment focused on law and order, Mucheru appropriate the cardinal of those adversity afterwards accident funds to abyss can be bargain if the media plays its part. He explained:

Mucheru additionally encouraged the administration of account and advice amid the government and the media. Doing this, he said, enables the parties to coact alike further.

Kenya, aloof like abounding added African countries, is bedeviled with scams that are packaged as accepted cryptocurrency projects. For instance, in December 2021, a report from Bitcoin.com News declared that a Kenyan agent was adverse allegations of ambidexterity investors through his Aidos Kuneen cryptocurrency. The address said investors in the businessman’s betray crypto absent over $140 million.

Therefore, in accession to giving advice to Kenyans, Mucheru additionally apprenticed Kenyan media outlets to accede acceptable repositories for advice that can be acclimated by investors. He said: “You should absolutely body the athenaeum of a lot of the advice that bodies absolutely need.”

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