Bitstream Circle News Today

Among Kenyans who lost thousands of money to online fraud is former Nakuru county police boss Peter Mwanzo. The officer lost KSh 597,000 to Mulot fraudsters.

A gang of Kenyan students who have been hacking foreigners’ email credit cards through email phishing, stealing money and laundering it through bitcoin, have been arrested, according to the country’s Directorate of criminal investigations (DCI). The students create fake emails to steal the passwords and credit card information of unsuspecting victims…

A gang of Kenyan students have been hacking foreigners’ email credit cards through email phishing and using the stolen money to buy bitcoin, according to the country’s directorate of criminal investigations (DCI).

Kenya's National Police Service has launched a Forensics Lab that is expected to fast-track investigations into cyber-crimes, with the Kenya president noting the rising cases of crypto fraud. https://twitter.com/npsofficial_ke/status/1536373592006565888?s=21&t=VNSWKLWdbiL61ZS-ki4jQA Kenya continues to be a hotspot for cyber crimes, in particular blockchain/crypto related scams. In the latest scam to be reported by Kenya's Nation newspaper, Kenyans

Despite warnings from CBK, Kenyans invest billions in cryptocurrencies as police warn that terrorists and money launders are involved.

A forensic analysis by Crypsense Digital Group showed Bitstream Circle scammed people Sh1.18 billion in 97 days.

According to multiple reports, Bitstream Circle had amassed more than 11,000 members from across seven countries in less than four months.