Police have arrested one of the directors of a cryptocurrency startup in Uganda that closed suddenly and made off with investors‘ money. A Mr Samson Lwanga, director of Dunamiscoins Resources Limited, was arrested last week and should appear in court later this week, local news reports. It’s reported that the scam managed to con 10 billion Ugandan shillings ($2.7 million) out of victims. The authorities are still on the look out for the other four directors of the company. Like numerous other cryptocurrency-based scams, Dunamiscoins promised investors and employees large returns in a short space of time. However, after a…
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