A Kenyan bank was stolen after an insider attack and USDT was used for cross-border money laundering
The Internet reported that a large Kenyan bank recently suffered a serious insider attack, resulting in the theft of approximately 500 million Kenyan shillings (approximately US$4 million) of funds. The investigation found that the criminal gang was an external contractor responsible for the bank's IT system. It manipulated the card management system to generate virtual cards, linked them to mobile wallets, and then quickly transferred funds. The stolen funds are laundered into multiple offshore wallets, and the stablecin Tether (USDT) plays a key role in the entire money laundering process, making the capital chain more difficult to track. The Kenya Criminal Investigation Bureau (DCI) has launched an investigation and is working with the bank's cybersecurity team to trace the hacker's path. Officials said those involved are expected to be arrested soon.
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