Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria


Kenya Arrests Gang Of Student Hackers Buying Bitcoin With Stolen Money.

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Today, the Kenya’s Directorate of Criminal Investigation (DCI) has arrested a gang of Kenyan students who specializes in hacking foreigners’ email credit cards through email phishing.

The students create fake emails to steal the passwords and credit card information of unsuspecting victims before using the money in these credit cards to purchase bitcoin, which they then convert to Kenyan currency.

The directorate said it arrested the criminal gang who were operating out of Milimani, an affluent estate in Nakuru City,  the country’s fourth largest city.

Members of the gang include 2 students of the Kenyatta University, Francis Maina Wambui, alias Nick, 26; and Zellic Alusa, 25, who the DCI said was arrested during a raid in the company of 2 young ladies, in an apartment.

Five laptops, 4 mobile phones, 2 WiFi gadgets, 3 hard drives, and assorted SIM cards were among the items recovered from the DCI’s arrest. 

The fraudsters spent the proceeds from their hacking to fund a lavish lifestyle and purchase properties. Among the documents recovered from the apartment was a land sale agreement entered on May 25 for a property valued at KSh850,000 ($8,000) in Juja, just close to the university. 

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