Foresight News reports, citing Bitcoin.com News, that Festo Ivaibi, founder of Ugandan blockchain and crypto education institution Mitroplus Labs, was kidnapped by armed criminals on May 17 and forced to transfer cryptocurrency assets worth 500 thousand USD.The criminals disguised themselves as Ugandan security personnel and abducted Ivaibi near his residence to the Bunamwaya area in the southern part of the capital Kampala. After forcing him to transfer funds to their Trust wallet, the criminals released him.Mitroplus Labs stated that this incident did not affect the safety of community funds.

According to Foresight News and Bitcoin.com News, Festo Ivaibi, founder of the Ugandan blockchain and crypto education organization Mitroplus Labs, was kidnapped by armed criminals on May 17th and forced to transfer cryptocurrency assets worth 500 thousand USD. The criminals disguised themselves as Ugandan security personnel and abducted Ivaibi near his residence to the Bunamwaya area in southern Kampala, the capital. After forcing him to transfer funds to their Trust wallet, they released him. Mitroplus Labs stated that this incident did not affect the safety of community funds.

Founder of African blockchain project Mitroplus Labs kidnapped, losing 500 thousand USD in crypto assets