Patricia has suffered a security breach on its cryptocurrency processing platform, an insider close to the matter has made this known.
While the breach led to the loss of sizable funds from the company’s coffers, the source claims it wasn’t something that ought to bother investors much as most of the funds have been recovered while Patricia is planning to assume the rest upon itself.
A statement from the crypto platform reads, ‘‘It was a breach that led to loss of funds. It was an issue with the blockchain that forced everybody to turn off withdrawals locally and internationally. It was very high level, and we have been managing it mostly internally. It was our problem, and we are dealing with it”.
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The source also noted that the breach has since been curtailed, and there are no further episodes to date. However, Bitcoin withdrawals are still locked. The source explained that this is because the company is still investigating to determine where the breach came from and to what extent the platform was compromised.
The source did not disclose the amount lost because they are not privy to that information. They also doubted if anyone else knew the exact figure of the loss because investigations were still ongoing to determine the exact extent of loss the company suffered.
It is important to note that only the Bitcoin and Naira Balances are affected. Transactions in other cryptocurrencies like Ethereum, DogeCoin, USDT etc., are all still working, and customers who invested in those cryptos could still withdraw their funds.