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Home Companies Corporate Updates

PATRICIA: Statement Regarding the Recent Restrictions on Withdrawals

NM Partners by NM Partners
May 27, 2023
in Corporate Updates, Sectors
Patricia
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Summary

  • The company recently experienced a breach in its retail trading application, Patricia Personal, resulting in compromised BTC and Naira assets.
  • Patricia is undergoing internal restructuring and has temporarily suspended withdrawals while working on strengthening security measures.
  • They have identified an individual involved in the breach and are conducting a thorough audit to recover the assets

Over the last five years, we have become synonymous with Bitcoin and crypto trading.

We have been at the forefront of crypto adoption in Africa, and despite governmental and environmental challenges that have tested our efforts to drive adoption in Nigeria and Africa, we have remained resolute.

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Our efforts did not go unnoticed, as we quickly became a household name, garnering prestigious awards across the world. However, public recognition comes with its fair share of risks. Our services are divided into three arms: Patricia Personal, Patricia OTC Desk, and Patricia Business.

Not long ago, we were victims of a breach. Patricia Personal, the retail trading application, was solely affected by this breach; BTC and Naira assets were compromised. Every other crypto balance remains unaffected, and we assure the public that all our customers’ and merchants’ assets are secure.

In light of this, we are undergoing internal restructuring and temporarily suspending withdrawals on our app (mobile and web). We understand how this has affected our customers, and are truly appreciative of your patience through this inconvenience. We assure you that we are working to strengthen our security measures.

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. We will continue to pursue this lead and work with security agencies and other partners to ensure a thorough audit of the situation and recover the assets.

Our users remain at the heart of what we do, and we will continue to provide updates on this situation to all stakeholders.

Patricia Technologies Limited


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NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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Comments 1

  1. Orumehelvis says:
    July 5, 2023 at 12:18 am

    Please withdrawal should take place… patricia user need money

    Reply

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