Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC

Two Kenyan students accused of hacking recognition cards and utilizing the ill-gotten funds to bargain bitcoin person been arrested by the Directorate of Criminal Investigations, a connection from the instrumentality enforcement bureau has said. After converting the cryptocurrency to section currency, the 2 students would usage the fraudulently acquired funds to prolong their lavish lifestyle.

The Students’ Lavish Lifestyle

A Kenyan instrumentality enforcement agency, the Directorate of Criminal Investigations (DCI) said it has arrested 2 assemblage students it accuses of hacking recognition cards and utilizing these to “purchase bitcoins and person them to Kenyan currency.” In a statement, the bureau said the alleged notorious pack of 2 was nabbed successful Milimani, an affluent vicinity successful Kenya’s fourth-largest city, Nakuru.

In a Twitter thread explaining however the discourtesy was carried out, the DCI revealed that the 2 — Francis Maina Wambui aka Nick, 26, and Zellic Alusa, 25 — had resorted to a increasing transgression practice. The bureau explained:

The students make fake email accounts which they usage to hack recognition cards of guiltless persons, particularly those surviving successful overseas countries and usage them to bargain bitcoins.

According to the DCI, the 2 students would past usage the stolen funds to prolong their lavish lifestyle. The students besides reportedly utilized the stolen wealth to entertain women and bargain properties. Following the raid connected an flat wherever the duo was operating, the DCI said among the documents recovered was “a onshore merchantability statement entered connected May, 25, for a spot valued astatine Sh 850,000 [$7,240] successful Juja.”

Strengthening of Cyber and Digital Forensic Lab

The connection added that the different items which were recovered see 5 laptops, 4 mobile phones, 2 wifi gadgets, 3 hard drives, and SIM cards.

Meanwhile, the DCI’s announcement of the apprehension has travel conscionable a fewer days aft Kenyan President Uhuru Kenyatta called for the “strengthening of the Cyber and Digital forensic laboratory to woody with modern crimes that impact misuse of technology.”

The announcement of the arrests besides came aft section media reports warned that Kenyans whitethorn person mislaid funds to different crypto Ponzi outfit.

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