DOJ Seizes $750K in Crypto in Kenya Ghost Student Fraud Case
- —Over $750,000 seized from a Kenyan national's crypto account
- —Ghost-student fraud losses estimated at more than $200 million
- —830,840 potentially fraudulent FSAIDs tied to nearly $130 million
- —Five defendants charged across three U.S. districts
Why it matters: The first seizure of its kind in Kenya shows investigators can trace fraud proceeds across borders into crypto balances.
Source: Live Bitcoin News