False promises about investing in cryptocurrencies like Bitcoin is one way people have been scammed

In our series of letters from African journalists, Kenyan broadcaster Waihiga Mwaura writes about cryptocurrency scams, including one that traded on his name to fleece investors.

Short presentational grey line

I got a call from a doctor I did not know, asking whether I had interviewed a Kenyan billionaire about a new Bitcoin product on some nondescript website.

I sighed with concern because I knew he had fallen victim to a two-year-old online scam which alleged that along with a local billionaire, I had endorsed a cryptocurrency trading platform.

Despite my best efforts to warn Kenyans about the scam via my social media platforms, it seems that the conmen had kept changing web addresses and strategies to target vulnerable Kenyans, who wake up hopeful that the day will bear better tidings.

In what is a mix of high appetite for risk – and desperation – many…

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