To manage customer expectations and maintain its avowed commitment to customers, Patricia Technologies Limited, a leading cryptocurrency company, has announced a two to five-year repayment plan for all customers who lost money as a result of the company’s recent platform breach by some high-profile hackers, some of whom are now in police custody.
Patricia Technologies said in a press statement issued in Lagos on Wednesday, January 17, that the new payback regime is a meticulous continuation of the company’s repayment procedure, which began on Monday, November 20, 2023. The company also explained that this phased repayment scheme would offer the business and the Police the appropriate leeway to recover stolen monies from the arrested defendants and enable the business to collect some revenue from the use of the app.
“To control expectations, Patricia Technologies predicts a two to five-year repayment schedule. The commitment is to ensure that every customer receives their complete and final rightful payments within this timeframe, demonstrating the company’s desire to continue until all of its financial responsibilities are met,” the statement said in part.
Patricia Technologies also stated that it is working on a best-in-class technology solution to prevent a recurrence of the previous hack, statin that “to speed transactions and strengthen security, Patricia Technologies is rebuilding the Patricia Plus platform.
The AI-enabled solution, set to go live in Q2 2024, seeks to provide a simpler, more efficient user experience while reducing operational constraints.”
It should be noted that Patricia Technologies Limited recently suffered a catastrophic setback due to a breach of its platform by suspected criminal elements, resulting in significant asset losses for the company and its clients. The company acted quickly and reported the situation to the Nigeria Police Force’s cybercrime branch, which made a breakthrough in the investigation by detaining certain individuals, who are now due to be arraigned in court by June of this year.
Patricia Technologies stated that it is strategically moving focus to its business arm and OTC desk, citing recent positive traction. The business predicts that 2024 and 2025 will be prosperous years for the cryptocurrency sector stating that it would accomplish this by providing airdrop, staking, and Defi opportunities for its users to use and convert to US dollars. The organization also reassured customers that it will continue to interact and engage with them throughout this difficult time.
