Africa Crypto News: Nigeria Tops Crypto Fraud, Kenya’s DCI X Account Hacked with CAR Meme Coin Scandal

Africa’s crypto industry is facing challenges with the CAR meme coin scandal, Nigeria leading in crypto fraud, and Kenya’s DCI account being hacked. The CAR meme coin initially gained popularity but crashed soon after its launch, raising concerns about security. Nigeria has a high rate of crypto-related fraud, surpassing other African countries. The DCI account in Kenya was hacked to promote a fraudulent meme coin, causing investors to lose money. These incidents highlight the need for vigilance and security measures in the African crypto market.