Nigerian Police announces an arrest in connection to Patricia’s security breach
Bonse was alleged to have conspired to launder 50 million naira from funds stolen from Patricia.
Sam Adeyemo
Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers
The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.
Patricia fails to meet repayment deadline
After overcoming login issues, users discovered that Patricia has converted their existing crypto balances to PUTX and withdrawal is still unavailable.
Kenya to host PAPSS, an African cross-border payment infrastructure
PAPSS allows African traders to settle deals using their respective national currencies.
Nigerian crypto scam entity Argo Coin has vanished with its customers’ funds
The crypto scam entity lured investors by falsely claiming to invest their money in Bitcoin mining equipment, promising exorbitant returns.
MetaMask partners with Blockaid to launch security alerts for its self-custodial wallets
The feature takes effect on Oct. 31 and will be made available by default to MetaMask’s users by next year.
Vella Finance shuts down crypto operations to focus on SME banking
The fintech company decided to focus solely on banking services for small businesses, which constrains it from offering crypto services.