According to an anonymous insider source, Nigerian cryptocurrency company Patricia has recently experienced a security breach on its cryptocurrency processing platform. While the breach resulted in the loss of significant funds, the source assures that most of the funds have been recovered, with Patricia taking responsibility for the remaining losses.
Unusual occurrences with Bitcoin transactions on Patricia’s platform prompted an investigation, revealing the breach and subsequent imposition of restrictions on Bitcoin transactions. The company has managed the breach internally, and the situation has been contained without further episodes. However, Bitcoin withdrawals remain locked as the company investigates the source and extent of the breach.
Read Also: Eyowo Faces Issues Due To Revocation of Bank License
Patricia Funds Affected
The exact amount lost has not been disclosed, and investigations are ongoing to determine the full extent of the loss suffered by the company. Some customers’ funds may still be affected, as Patricia has recovered most of the lost assets but not all.
It is important to note that only Bitcoin and Naira balances have been affected. Transactions involving other cryptocurrencies, such as Ethereum, DogeCoin, and USDT, are unaffected, allowing customers who invested in those cryptos to withdraw their funds.
Patricia, known as Nigeria’s popular cryptocurrency investment platform, has earned trust and popularity among young people globally. Led by CEO Hanu Fejiro, Patricia has gained a significant following in the Nigerian crypto community and has been a sponsor of Africa’s most popular reality TV show, Big Brother Naija.
Unfortunately, there is no insurance policy for crypto assets, emphasizing the importance of trust. Patricia is committed to restoring the integrity of its platform, refunding investors, and regaining their confidence. While the process may require time, the company takes responsibility for the losses and works diligently to find a resolution.
Patricia has acknowledged the breach, stating that Bitcoin and Naira assets were compromised. The platform is collaborating with law enforcement agencies and other stakeholders to recover the assets. Internal restructuring is underway, and temporary withdrawals on Patricia’s application have been suspended to strengthen security measures.
Conclusion
The company has assured customers that their crypto balances and assets are secure, and it will provide constant updates on the situation to all stakeholders. Patricia remains dedicated to the security of users’ assets and is actively pursuing leads and conducting a thorough audit with the assistance of security agencies.
Follow techkudi.com for more
