A bank in Kenya was internally attacked and $4 million was stolen, with USDT used for cross-border money laundering

ChainCatcher news, according to Techbuild, a major bank in Kenya recently suffered a serious internal attack, resulting in approximately 500 million Kenyan Shillings (about 4 million USD) being stolen. Investigations revealed that the perpetrators were external contractors responsible for the bank's IT systems, who manipulated the card management system to generate virtual cards linked to mobile wallets, subsequently transferring the funds rapidly.

The stolen funds were laundered into multiple offshore wallets, with the stablecoin Tether (USDT) playing a key role throughout the money laundering process, making the money trail harder to trace. The Directorate of Criminal Investigations (DCI) in Kenya has launched an investigation and is collaborating with the bank's cybersecurity team to track the hackers' paths. Relevant officials stated that those involved are expected to be arrested soon.**