Crime & Security Cybercrime, Community Security, Disaster & Emergency

Police Yet to Receive Formal Complaints Over Alleged Hut 8 Investment Scam

by admin on | 2026-08-18 11:35:30

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Police have said they have not yet received any formal complaints concerning an online investment platform operating under the name Hut 8, despite reports that members of the public may have lost money through the scheme.

Over the past month, several people have taken to social media claiming they were financially defrauded after investing through the platform.

However, Police spokesperson Kituuma Rusoke said that, while complaints and allegations have surfaced online, no victim has so far formally reported the matter to police.

“We have not yet received any formal complaint,” Rusoke said, adding that the legitimate Hut 8 Corporation has publicly distanced itself from any investment activities being conducted in Uganda under its name.

According to Rusoke, Hut 8 Corporation has, through its official X account, clarified that it has no authorised representatives or investment operations soliciting funds in Uganda.

The clarification comes amid growing concerns from individuals who claim to have been approached through online platforms and encouraged to invest money under the Hut 8 name.

Police have urged anyone who believes they have lost money to come forward and make an official report to facilitate investigations.

“Police, working with other regulatory and financial-sector agencies, are ready to receive complaints and available information to establish the full circumstances, identify the individuals or entities involved, and take appropriate action in accordance with the law,” Rusoke said.

Authorities are particularly asking affected individuals to preserve and submit any evidence that could help investigators trace the people behind the alleged scheme.

This includes:

• Payment records
• Mobile money transaction references
• Bank transaction details
• Telephone numbers used by the promoters
• Social media accounts
• Website or platform links
• Screenshots of advertisements and investment offers
• Chat and WhatsApp messages
• Names and details of individuals who recruited or promoted the platform

Police have advised anyone affected to report to the nearest police station and provide all available evidence.

The authorities' position comes as online investment schemes continue to attract members of the public through social media, messaging applications and other digital platforms.

Police have cautioned the public against sending money to investment platforms without first verifying their legitimacy and regulatory status.

Authorities have not yet established the full circumstances surrounding the allegations, and anyone involved will be subject to due process as investigations proceed.