KAMPALA, UGANDA — The Uganda Police Force has warned members of the public against an online investment platform operating in Uganda under the name “Hut 8,” following complaints that some investors are allegedly unable to access their accounts or withdraw their money.
In a statement issued Tuesday, August 18, 2026, Police said preliminary information indicates that individuals were allegedly lured through social media platforms to deposit money with promises of financial returns.
Police said some of those who invested are now reportedly experiencing difficulties accessing their accounts or withdrawing their funds.
Although no formal complaints have so far been received by Police, the force said the legitimate Hut 8 Corporation has publicly distanced itself from the alleged investment solicitations in Uganda.
According to Police, the company has stated on its X account that it has no authorised representatives or investment operations soliciting funds in Uganda.
The Police said it is working with relevant regulatory and financial-sector agencies and is ready to receive complaints and information that could help establish the circumstances surrounding the activities.
The investigation will also seek to identify the individuals or entities behind the alleged investment scheme and determine appropriate action in accordance with the law.
Police seek evidence from victims:
Police have urged anyone affected by the alleged scheme to report to the nearest Police station and provide all available evidence.
Such evidence may include payment records, mobile-money and bank transaction references, telephone numbers, social-media accounts, online links, screenshots, chat messages and details of individuals who recruited or promoted the platform.
The force also warned members of the public against paying additional money to individuals claiming they can facilitate withdrawals or unlock frozen accounts.
Police further cautioned suspected victims against falling for a second scam involving individuals who claim to recover lost funds in exchange for an upfront payment.
“This may constitute another form of fraud,” Police warned.
The force said further updates will be communicated as investigations progress.
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