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I'm creating an animation to raise awareness about Bitcoin-related scams, and I’d love to know—if you don’t mind sharing, what kinds of scams are currently a problem in Tanzania?

SatsTagga⚡ 8mo ago

CURRENT BITCOIN RELATED SCAMS IN TANZANIA.

1. Deepfake Crypto Scam – 1.48M Loss

In February 2025, hackers took control of Tanzanian billionaire Mohammed Dewji’s X (formerly Twitter) account. They used deepfake videos to promote a fake cryptocurrency called Tanzania Token deceiving over 2.2 million followers. Despite Dewji's quick denial and regained account control, investors lost approximately $1.48 million before the scam was exposed.

2. Pig Butchering Scams

These scams involve fraudsters building fake online relationships, often through dating apps or social media, to gain victims' trust. They then lure victims into investing in fake cryptocurrency opportunities, leading to significant financial losses. While not exclusive to Tanzania, this scam has been reported in the region.

3. Rising Crypto Fraud Cases

Tanzania has seen a 250% increase in crypto fraud* in the first half of 2023. A significant portion of these cases involved manipulated documents and fake identities, making it harder for investors to verify legitimate opportunities.

The english version

#bitcoinwins

#bitcoinarusha

#POWA

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Discussion

Shigeru Minami⚡️🇯🇵 8mo ago

Thank you so much for the detailed explanation! It’s very helpful, and I’ll definitely keep it in mind.

I didn’t realize the incident involving Mohammed Dewji happened so recently—and with such a large amount of damage.

I see, scams involving forged documents... that makes sense. It made me imagine in-person recruitment or seminar-style fraud.

I’m now considering creating an educational animation to raise awareness about these kinds of scams.