According to ChainCatcher, citing Techbuild, a major bank in Kenya recently suffered a severe internal attack, resulting in the theft of approximately 500 million Kenyan shillings (about $4 million). The investigation revealed that the criminal group was an external contractor responsible for the bank's IT system, who manipulated the card management system to generate virtual cards, linked them to mobile wallets, and quickly transferred the funds.
The stolen funds were laundered through multiple offshore wallets, with Tether (USDT) playing a crucial role in the money laundering process, making the money trail more difficult to trace. The Directorate of Criminal Investigations (DCI) in Kenya has initiated an investigation and is collaborating with the bank's cybersecurity team to track the hackers' path. Relevant officials stated that the suspects are expected to be arrested soon.
