Two Kenyan college students accused of hacking bank cards and utilizing the ill-gotten funds to purchase bitcoin have been arrested by the Directorate of Criminal Investigations, a press release from the legislation enforcement company has mentioned. After changing the cryptocurrency to native forex, the 2 college students would use the fraudulently acquired funds to maintain their lavish life-style.
The Students’ Lavish Lifestyle
A Kenyan legislation enforcement company, the Directorate of Criminal Investigations (DCI) mentioned it has arrested two college college students it accuses of hacking bank cards and utilizing these to “purchase bitcoins and convert them to Kenyan currency.” In a press release, the company mentioned the so-called infamous gang of two was nabbed in Milimani, an prosperous neighborhood in Kenya’s fourth-largest metropolis, Nakuru.
In a Twitter thread explaining how the offense was carried out, the DCI revealed that the 2 — Francis Maina Wambui aka Nick, 26, and Zellic Alusa, 25 — had resorted to a rising legal observe. The company defined:
The college students create pretend e mail accounts which they use to hack bank cards of harmless individuals, particularly these dwelling in overseas international locations and use them to purchase bitcoins.
According to the DCI, the 2 college students would then use the stolen funds to maintain their lavish life-style. The college students additionally reportedly used the stolen cash to entertain girls and purchase properties. Following the raid on an condominium the place the duo was working, the DCI mentioned among the many paperwork recovered was “a land sale agreement entered on May, 25, for a property valued at Sh 850,000 [$7,240] in Juja.”
Strengthening of Cyber and Digital Forensic Lab
The assertion added that the opposite gadgets which have been recovered embody 5 laptops, 4 cell phones, two wifi devices, three arduous drives, and SIM playing cards.
Meanwhile, the DCI’s announcement of the arrest has come just some days after Kenyan President Uhuru Kenyatta known as for the “strengthening of the Cyber and Digital forensic lab to deal with contemporary crimes that involve misuse of technology.”
The announcement of the arrests additionally got here after native media reviews warned that Kenyans could have misplaced funds to one other crypto Ponzi outfit.
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