A major crypto scam has hit Africa, and this time, scammers went big by using Tanzanian billionaire Mohammed Dewji’s name to steal $1.48 million from his followers. They promoted a non-existent token—Tanzania Token— using his name and made a run for it. Dewji has since recovered his account warning users against similar scams. This incident highlights growing concerns about crypto fraud and cybersecurity. Will this be the wake-up call for investors, or will they keep falling for the next “too good to be true” digital miracle?
