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 Felony Investigations, a press release from the legislation enforcement company has mentioned. After changing the cryptocurrency to native foreign money, the 2 college students would use the fraudulently acquired funds to maintain their lavish way of life.
The College students’ Lavish Life-style
A Kenyan legislation enforcement company, the Directorate of Felony Investigations (DCI) mentioned it has arrested two college college students it accuses of hacking bank cards and utilizing these to “buy bitcoins and convert them to Kenyan foreign money.” 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 felony apply. The company defined:
The scholars create faux electronic mail accounts which they use to hack bank cards of harmless individuals, particularly these residing in international international locations and use them to purchase bitcoins.
In response to the DCI, the 2 college students would then use the stolen funds to maintain their lavish way of life. The scholars additionally reportedly used the stolen cash to entertain ladies and purchase properties. Following the raid on an residence the place the duo was working, the DCI mentioned among the many paperwork recovered was “a land sale settlement entered on Could, 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 onerous drives, and SIM playing cards.
In the meantime, 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 cope with up to date crimes that contain misuse of expertise.”
The announcement of the arrests additionally got here after native media experiences warned that Kenyans might have misplaced funds to a different crypto Ponzi outfit.
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