US probes Ksh779B Binance crypto theft amid warning to Kenyans over ghost students fraud
The United States Secret Service has launched investigations into the theft of more than Ksh779 billion in cryptocurrency from Binance Global, days after American authorities announced a major crackdown on a student financial aid fraud network linked to Kenyan nationals. The latest investigation has brought renewed attention to international cybercrime and the role of digital […]
The United States Secret Service has launched an investigation into the theft of over Ksh779 billion in cryptocurrency from Binance Global, following a major crackdown on a student financial aid fraud network linked to Kenyan nationals. The theft was reported on Thursday, October 29, 2026, and investigators acted swiftly to identify and freeze a significant portion of the stolen assets.
The Secret Service, along with the FBI, IRS Criminal Investigation Division, and US Attorney's Offices, is working to trace and recover the stolen cryptocurrency. The FBI has attributed the cyber theft to North Korea, identifying the operation as TraderTraitor. Both investigations underscore the importance of international cooperation in combating cybercrime and financial fraud across borders.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- FBI says N. Korea responsible for over $6 bil. crypto theft from Binance koreatimes.co.kr
- A look at Binance's efforts to contain the hack, including creating a global war room of ~100 people, coordinating with other crypto firms and the FBI, and more (Bloomberg) bloomberg.com
- FBI blames North Korea for stealing billions from world’s largest crypto firm timesofisrael.com
- Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack coindesk.com
