Court freezes accounts and crypto assets over Sh1.5bn Equity Bank heist

The High Court has allowed Equity Bank to freeze accounts belonging to four individuals and five companies accused of receiving part of the Sh1.5 billion allegedly siphoned from the lender. The money was reportedly taken two years ago through fraudulent transactions disguised as salary payments, with help from a former bank manager. The frozen assets, including accounts and crypto assets according to the headline, are capped at a combined Sh303.2 million.