MuneneWaDC Insights

On June 26, 2025 , President William Ruto signed three critical financial laws of Kenya's money matters for the next year. These are Finance Act 2025 Appropriations Act 2025 Supplementary Appropriations Act 2025 Let’s break it down. 📕 1. Finance Act 2025: How the Government Plans to Get Money This law sets out how the government will collect revenue (money) from taxes, levies, and duties in the 2025/26 financial year. 🧾 Key Tax Changes You Should Know: Per Diem (daily allowance) Tax-Free Limit Increased Previously: Ksh 2,000 per day Now: Ksh 10,000 per day Great news for civil servants and people who travel for work—more of your travel allowance is now tax-free! Employers Must Apply Tax Reliefs Automatically If you're eligible for NHIF, NSSF, insurance reliefs, etc., your employer must now apply them without you having to ask. Digital Assets Tax Removed—But... The government scrapped the controversial Digital Assets Tax (which taxed crypt...

Introduction The world of decentralized finance (DeFi) offers freedom, innovation, and, unfortunately, increasing sophistication in scams. A recent wave of wallet-drain attacks has surfaced involving tokens like GPTAI and SKAI on the BNB Smart Chain. Users, even those interacting through reputable platforms like 1inch Network , are losing tokens from their wallets through cleverly crafted smart contracts. This blog post exposes how these fake tokens exploit standard wallet permissions, how victims are tricked, and how you can protect yourself. 🧠 The Attack Vector: Fake Tokens with Malicious Smart Contracts Scammers are now using a new trick in their playbook: deploying legitimate-looking tokens (e.g., GPTAI , SKAI ) with malicious functions embedded in the contract code. These tokens are distributed through mass airdrops or made available on DEX aggregators like 1inch, hoping users will try to swap or sell them. Here's how the scam unfolds: 🪂 Step 1: Airdrop or Visibili...