Nigeria’s cryptocurrency exchange platform, Patricia, experienced a security breach. Although the breach resulted in the loss of large amounts of money, investors shouldn’t be overly concerned because Patricia plans to take responsibility for the lost amounts.
In recent times, people using the platform have been experiencing delayed transactions. Most of the time, Bitcoin withdrawals were delayed while other cryptocurrency transactions went without a hitch.
However, withdrawals of Bitcoin have been restricted. The firm is currently looking into the breach to see how widespread it was and where it originated.
Patricia assures users that only balances in Bitcoin and naira are impacted. Customers who invested in other cryptocurrencies like Ethereum, DogeCoin, USDT, and others can still withdraw their money because those transactions are all still functional.
In the end, the company’s success has been aided by the complete faith and confidence that young people all over the world have placed in it as a legitimate platform for purchasing, selling, and storing cryptocurrencies and other digital assets.
Sadly, there isn’t really an insurance policy for crypto assets. Investors’ confidence would be their only form of insurance as a result. Patricia is making every effort to restore the full integrity of its platform, return investor cash, and maintain investors’ confidence in order to ultimately be deserving of that trust.