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Kenyan authorities freeze $751,853 in USDT amid widening Binance wallet money laundering probe

Market News
24 Jul 2026
Bitcoin
View Source
Bearish
pluang ai news

Kenya's Assets Recovery Agency (ARA) has frozen $888,030 in cash and tether stablecoins linked to a $2.32 million money laundering scheme involving Binance wallets and multiple banks. The scheme used two parallel channels to obscure money origins, including international remittances and cryptocurrency transfers, with transactions deliberately kept below reporting thresholds to evade detection. Investigations are ongoing, and Kenyan authorities have sought U.S. legal assistance to track international financial records. This crackdown highlights growing concerns over cryptocurrencies being used to bypass traditional financial monitoring in Kenya.

More News (BNB)

Solana leads growth in tokenized U.S. T-bills, surpassing Ethereum with $378M new issuance.

Solana leads growth in tokenized U.S. T-bills, surpassing Ethereum with $378M new issuance.

Tokenized U.S. Treasury bills are expanding across multiple blockchain platforms, with Solana adding $378.2 million in new issuance over 30 days, outpacing Ethereum's $272.2 million. Other blockchains like BNB Chain and zkSync Era also saw growth, wh...

Protocol Fundamentals
Bullish
11 hours ago
Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Binance co-founder Changpeng Zhao (CZ) is retiring his public crypto wallet due to excessive unsolicited token deposits, mainly meme coins, which made managing his BNB holdings difficult. After publicly sharing the wallet address in 2025, it received...

Market News
Neutral
15 hours ago
CZ donates BNB and BinanceLife tokens to fund free education, then abandons wallet to stop meme-coin speculation

CZ donates BNB and BinanceLife tokens to fund free education, then abandons wallet to stop meme-coin speculation

Changpeng Zhao (CZ), former Binance CEO, is donating all BNB and BinanceLife tokens from a public wallet to Giggle Academy, a nonprofit offering free education. After the transfer, CZ will abandon the wallet, turning it into a burn address to prevent...

Protocol Fundamentals
Neutral
17 hours ago
SafePal leaks order data of 40,000 users, risking phishing but wallet keys remain safe

SafePal leaks order data of 40,000 users, risking phishing but wallet keys remain safe

SafePal, a hardware wallet maker backed by Binance Labs, exposed order data of about 40,000 customers, including names, addresses, and payment details. No wallet security breach occurred, as seed phrases and private keys remain safe. The leak raises ...

Market News
Bearish
18 hours ago
Binance extends RLUSD rewards with 1M XRP over 4 weeks for eligible traders

Binance extends RLUSD rewards with 1M XRP over 4 weeks for eligible traders

Binance has launched a new four-week campaign offering a total of one million XRP tokens as rewards to holders of Ripple USD (RLUSD) on its platform. To qualify, users must hold at least 0.01 RLUSD and maintain an average daily derivatives trading vo...

Protocol Fundamentals
Bullish
20 hours ago
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