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December 16, 2019 - 04:55
Cyprian Is Nyakundi

Cryptocurrency: Kenyan Investors Cry Foul After Officers Go Missing

Nurucoin advert. Nurucoin has now turned into nuru-con as investors cry foul

Early last year, the craze for digital currency was at an all time high in Kenya.

Led by Bitcoin, It was often said that it is impossible to hack cryptocurrencies, but that assertion has now been proven wrong.

International media reports indicate that cryptocurrency systems have been hacked and billions worth of coins stolen.

In fact, in January 2018, hackers stole $1.5 million (Kshs. 150 million) a month from cryptocurrency funds.

Recently, in May 2019, Hackers stole more than 7,000 bitcoin worth $40.7 million (Kshs. 4 billion) from crypto exchange Binance, the world’s largest by volume.

Kenyans like quick money making schemes and this, like the Quail eggs Scandal was one of them.

Some people will always make money hit others, as they say, watalilia kwa Choo.

Nurucoin, a cryptocurrency start up in Kenya went all in with deceptive marketing on social media platforms.

Despite numerous warning by the Central Bank of Kenya and other industry experts, many people fell for these cons.

Here are some screenshots from the Nurucoin, which is believed to be having issues. Clients might have been scammed.

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