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

THELOGICALINDIAN - Two Kenyan acceptance accused of hacking acclaim cards and application the illgotten funds to buy bitcoin accept been arrested by the Directorate of Criminal Investigations a account from the law administration bureau has said After converting the cryptocurrency to bounded bill the two acceptance would use the fraudulently acquired funds to sustain their abundant affairs

The Students’ Lavish Lifestyle

A Kenyan law administration agency, the Directorate of Criminal Investigations (DCI) said it has arrested two university acceptance it accuses of hacking acclaim cards and application these to “purchase bitcoins and catechumen them to Kenyan currency.” In a statement, the bureau said the alleged belled assemblage of two was nabbed in Milimani, an flush adjacency in Kenya’s fourth-largest city, Nakuru.

In a Twitter thread answer how the breach was agitated out, the DCI appear that the two — Francis Maina Wambui aka Nick, 26, and Zellic Alusa, 25 — had resorted to a growing bent practice. The bureau explained:

According to the DCI, the two acceptance would again use the baseborn funds to sustain their abundant lifestyle. The acceptance additionally reportedly acclimated the baseborn money to absorb women and buy properties. Following the arrest on an accommodation area the duo was operating, the DCI said amid the abstracts recovered was “a acreage auction acceding entered on May, 25, for a acreage admired at Sh 850,000 [$7,240] in Juja.”

Strengthening of Cyber and Digital Forensic Lab

The account added that the added items which were recovered accommodate bristles laptops, four adaptable phones, two wifi gadgets, three adamantine drives, and SIM cards.

Meanwhile, the DCI’s advertisement of the arrest has appear aloof a few canicule afterwards Kenyan President Uhuru Kenyatta called for the “strengthening of the Cyber and Digital argumentative lab to accord with abreast crimes that absorb abusage of technology.”

The advertisement of the arrests additionally came afterwards bounded media letters warned that Kenyans may accept absent funds to addition crypto Ponzi outfit.

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