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

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


Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle.

The Students’ Lavish Lifestyle

A Kenyan law enforcement agency, the Directorate of Criminal Investigations (DCI) said it has arrested two university students it accuses of hacking credit cards and using these to “purchase bitcoins and convert them to Kenyan currency.” In a statement, the agency said the so-called notorious gang of two was nabbed in Milimani, an affluent neighborhood in Kenya’s fourth-largest city, Nakuru.

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In a Twitter thread explaining

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