Ugandan police arrest suspect for acquiring blockchain educators

Ugandan law enforcement arrested Phineous Viira, suspected of accused of crypto educator fest Ivaibi in May

The suspect has a criminal history

Ugandan law enforcement arrested one of the suspects involved in Eduction’s crypto trader and educator Fest Ivaibai on May 17. A forensic expert was arrested after tracking funds stolen in Plant Villa’s verified wallets in a massive centralized cryptocurrency exchange.

According to a statement from Ivaibi’s Mitroplus Labs, the suspect initially resisted arrest and demanded that he speak to Major General Charles Konyang Lepera of the Ugandan Defence Force. Repera reportedly appeared at the local police station where the suspect was detained. During questioning, Viilla, who has a criminal history of “similar nature,” refuses to explain why she received the funds.

As reported by Bitcoin.com News, the armed crime gang that raided Ivaibi were wearing military fatigue. Of the 48 reported cases of robbery, the cases of robbery involving codeholders, added that the victims of seven of them identified the same gang as the perpetrators. The impact of the criminal network has been partially condemned for the inaction of Ugandan law enforcement, even after some gang members have been actively identified.

In addition to rumoured connections with the unfair elements of the UDF, the crime gang is said to be working with two unknown Chinese businessmen who are helping to settle the stolen digital fund. Despite the criminal network attempting to quickly settle funds, the collaboration between forensic experts and crypto exchanges helped Ugandan law enforcement quickly identify and arrest suspects.

“We praise the Ugandan police for a professional, fair and solid way of continuing to handle this case,” said Mitroplus Labs, a cryptocurrency and blockchain education institution, in a statement.

Nevertheless, a statement from Mitroplus Labs has raised alarms to an increase in evidence supporting claims that UDF members are involved in aiding. The institution also revealed that most of the $500,000 digital assets reportedly stolen were taken from Ivaibi’s crypto wallet. The gang also stole and settled a $18,000 digital fund from Afrotoken, a memo coin issued by Tronlink’s Mitroplus Labs, and briefly lowered the token price.

Meanwhile, Ivaibi, who is proud of himself as a tax-paying crypto entrepreneur, expressed his hope that the agency will come to his aid. In X’s post, Ivaibi characterized payment tax as a patriotic act.

“It is a patriotic duty to pay taxes. I approach the Uganda Revenue Agency to pay taxes to pay taxes to crypto revenues, faced with penalties for delayed application, my compliance helps my aidation lawsuit. Many authorities are trying to help me,” writes Ivaibi.