Patricia, the Nigerian exchange that was hacked, has raised funds to compensate users

01/10/2023 16:29

Odaily Planet Daily News Patricia, a Nigerian cryptocurrency trading platform that had been hacked, said on September 29 that it had raised a fund to compensate users affected by the hacking attack in May this year. Patricia’s fundraising comes weeks after unilaterally converting user funds into the stablecoin Patricia Token. Patricia CEO Hanu Fejiro said, "We have raised funds and we have been working hard to return funds to (affected) customers. When we launch the application, the first customers will be able to immediately recover their funds in full ." (Bitcoin.com) Prior to the news in May, Patricia, a Nigerian gift card and cryptocurrency trading platform, recently revealed that hackers invaded its retail trading application and lost some BTC and Naira assets. The specific amount is unknown. Other cryptocurrency balances were not affected by the attack. Patricia also assured the public that assets belonging to its customers and merchants remain safe. However, Patricia said it had stopped processing withdrawals: "In light of this, we are undergoing an internal reorganization and temporarily suspending withdrawals on the app (mobile and web)... We are working to strengthen security measures."

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Patricia, the Nigerian exchange that was hacked, has raised funds to compensate users

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