Alleged Campus Crypto Hackers Arrested by the DCI

In Nakuru, a gang of hackers was nabbed for stealing people’s credit cards and then using them to buy bitcoins and change them to Kenyan money. According to the DCI

In Nakuru, a prominent Kenyan gang that has been hacking people’s credit cards was apprehended. Both Francis Maina Wambui Alias Nick, 26, and Zellic Alusa, 25, were students at Kenyatta University. The group operating out of properties in the wealthy Milimani neighborhood has been on the Directorate of Criminal Investigations’ radar for several days, according to a tweet from the official DCI account.

According to the DCI, students steal credit cards of innocent people, particularly those living in foreign countries, and use them to buy bitcoins, which are subsequently converted to Kenyan cash. They then spend the money on living opulently, entertaining young ladies, and purchasing real estate.

Five computers, four cellphones, two wifi devices, three hard drives, and a variety of SIM cards were among the goods recovered during the operation. President Uhuru Kenyatta recently advocated for the strengthening of the Cyber and Digital Forensic Lab when launching the DCI National Forensic Laboratory on Monday due to increased cyber insecurity. 

This comes after a public Notice by The cental Bank of Kenya that said Bitcoin is a form of unregulated digital currency that is not issued or guaranteed by any government or central bank. No entity is currently licensed to offer money remittance services and products in Kenya using virtual currency such as Bitcoin.

 Bitcoin is a form of digital currency that was first introduced in 2009. It has become very popular as of late and is now accepted as a form of payment by more and more businesses globally.

Bitcoin is controversial because it can be used anonymously, making it an attractive option for those who wish to buy drugs online or pay for sex without fear of being caught. This anonymity also makes Bitcoin a popular tool for money laundering and tax evasion – two areas where governments around the world are particularly interested in cracking down on criminal activity. 

Bitcoin is a type of digital money that is produced and stored digitally. There is no actual money in your wallet, and it is not backed by any government or central bank. The currency is “mined” by computers solving complex math problems on the blockchain. 

To understand more about cryptocurrency, follow this link.

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