Nigerian crypto company suspends withdrawals after BTC and naira compromise

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Security breach at Nigerian crypto platform prompts temporary fund withdrawal suspension.

) and naira assets. In the message it sent to users, it said other cryptocurrencies and customer funds were unaffected by the breach. However, customers cannot withdraw funds from the platform as it is “undergoing internal restructuring.”

Although Patricia did not disclose the extent of assets compromised in the breach, it revealed that an individual among the syndicated group that perpetrated the breach had been identified with the help of law enforcement. It said it would continue to work with law enforcement and other partners to recover the assets.

Since the suspension of withdrawals on the platform, its users have taken to Twitter to express their opinions, citing inconveniences. Nonetheless, the company emphasizes its ongoing efforts to enhance the platform’s security measures.to reports, the specific person within the group was identified through compromised naira assets, with most of the naira assets being linked back to that individual.

To enhance the security of the platform, the company has enlisted the services of a security firm to conduct an audit. Once the affected arm of the business — Patricia Personal — receives clearance for operations, customers will regain the ability to withdraw their funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC Stable Above $26K as XRP, LTC, ARB Jump 3% (Market Watch)Ripple, Litecoin, and Arbitrum have added the most value from the top 50 alts today.
Source: Crypto_Potato - 🏆 568. / 51 Read more »