Litigation
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.
Nov 24, 2023
Patricia's user funds crisis
8 storiesDormant
Nigerian crypto exchange Patricia's security breach and consumer trust crisis — from tampering with user funds and converting balances to a proprietary token through a collapsed escrow deal, missed repayment deadlines and a police arrest.
Litigation
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.
Nov 22, 2023
Mariblock Weekly
🟠 More drama for crypto exchange Patricia
Plus: 🌍 | Worldcoin starts paying its orb operators in WLD instead of USDC 🇧🇼 | Botswana’s president advocates blockchain for transparent diamond production
Oct 29, 2023
Compliance
DLM Trust terminates escrow trustee agreement with Patricia, citing breach of terms
Patricia had announced that DLM Trust had entered a partnership with it, a claim the company has refuted.
Oct 26, 2023
Funding
Embattled crypto exchange Patricia secures funding to repay some of its debt
Controversies and questions still trail the company’s move to manage a security breach it had suffered and repay its customers’ lost funds.
Oct 6, 2023
Litigation
Patricia’s ‘grand’ plan to refund users is based on its profitability
Users will only be able to access their funds as the company makes profit.
Aug 30, 2023
ANALYSIS
Mariblock Weekly
ANALYSIS🟠 The African crypto moment of truth
Patricia’s move prompts crypto credibility reflection. Is it time to take self-regulation seriously as a trust-building tool?
Aug 28, 2023
Litigation
FTX 2.0: Patricia is tampering with user funds without permission
Patricia’s move to convert customer funds mirrors FTX’s 2022 troubles, underscoring the risks of relying on centralized exchanges.
Aug 23, 2023