Nigerian digital asset marketplace, Patricia last week suffered a data hack that led to the loss of bitcoin and naira assets.
“Not long ago, we were victims of a hack. Patricia, the retail trading application, was solely affected by the breach. BTC and Naira assets were compromised.” the company said in an email sent to customers.
The company added it has identified the perpetrators of the criminal act and is taking legal action against taking action.
According to TechCabal, the hack of the Patricia app occurred in January 2022, and the company reportedly lost $2 million as a result of the incident.
Three unnamed insiders with first-hand knowledge of the situation stated that Patricia partially stopped withdrawals when the incident occurred in January.
Customers could still deposit money into the app, but they couldn’t transfer their cryptocurrency currencies to other wallets. Instead, Patricia offered to acquire the coins from consumers and pay them in cash to solve the problem.
Patricia’s CEO, Hanu Fejio, or the company’s spokesperson has not reacted to the development.