Kenyan Authorities Freeze $751k in USDT Amid Binance Money Laundering Probe

Kenyan authorities have frozen over $751,000 in USDT as part of an ongoing investigation into money laundering involving Binance wallets and multiple banks. The Assets Recovery Agency (ARA) has also frozen $136,980 in cash linked to the scheme, which used two parallel channels to obscure the origins of a total of $2.32 million.

The scheme involved international remittances and cryptocurrency transfers, with transactions kept below reporting thresholds to evade detection. Investigations are ongoing, and Kenyan authorities have sought U.S. legal assistance to track international financial records.