Patricia, one of the leading digital asset marketplaces, recently experienced a security breach resulting in the loss of bitcoin and naira assets. In response, the company has taken immediate action, identifying one of the culprits and implementing measures to recover the compromised funds.
Patricia, a prominent digital asset marketplace, has recently encountered a security breach that resulted in the loss of Bitcoin and naira assets. The company has swiftly initiated investigations into the incident and successfully identified one of the culprits involved. Efforts are currently underway to recover the funds that were compromised.
In light of the breach, Patricia emphasized that only its bitcoin and naira assets were affected, while other cryptocurrencies remained secure. The company reassured its customers and merchants that their assets were protected and that comprehensive measures were being taken to restore the compromised funds. As a temporary precautionary measure, Patricia has suspended withdrawals on its mobile and web apps to gain better control over the situation.
In a communication to its users, Patricia indicated that the breach might be attributed to the increased popularity of its Bitcoin exchange platform, making it an appealing target for hackers. Originally established as a gift card exchange platform five years ago, Patricia has experienced substantial growth, currently facilitating 30,000 daily transactions and serving 850,000 users. Acknowledging the inherent risks associated with such recognition, the company expressed, “We have rapidly become a household name, receiving prestigious awards worldwide. And that prominence entails a certain level of risk.”
Patricia clarified that only one of its divisions, namely Patricia Personal, the retail trading application, was affected by the breach. However, the company decided to temporarily halt withdrawals on the app due to internal restructuring efforts.
Although specific details regarding the breach were not disclosed, Patricia mentioned in the communication that it has identified an individual within the syndicated group responsible for the breach. The company remains committed to pursuing this lead and collaborating with security agencies and partners to conduct a comprehensive audit of the situation and recover the compromised assets.