Patricia suspends withdrawal following security breach

Patricia Technologies Limited has announced the suspension of withdrawals on its app. The halt, according to the team, is a temporary suspension as it undergoes internal restructuring. Patricia is a digital payment infrastructure well-known for crypto and gift card trading.

Before the decision to suspend withdrawals on both the web and mobile platforms, Patricia experienced a breach on the retail application of the firm, Patricia Personal. The team stated that Patricia Personal was solely affected by the breach amongst other arms of the firm, including Patricia OTC Desk and Patricia Business. Following the breach, Bitcoin (BTC) and Naira assets were compromised, Patricia said; however, they did not disclose how much assets were compromised.

However, Patricia assured users that their funds are safe. Every other crypto balance remains unaffected, and we assure the public that all our customers’ and merchants’ assets are secure.

Furthermore, Patricia stated that it has made headway with gathering leads to the perpetrators of the breach and has been able to identify an individual in connection to the deed. “Our security team, with the help of law enforcement agencies, has been able to identify an individual among the syndicated group responsible for this breach,” the team said.

Patricia mentioned that the team will keep pursuing the lead by working with security agencies and other partners. She added that they will work to beef up their security. The team also stated that a thorough audit of the situation will be carried out and the assets will be recovered.

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