Friday, September 4, 2026

Patricia claims system hack, customers’ funds trapped

The fintech platform stated that it was temporarily halting withdrawals to conduct an internal restructuring exercise.

• May 28, 2023
Fintech platform Patricia
Fintech platform Patricia( Credit: Fintechpad)

Prominent Fintech platform Patricia has temporarily suspended withdrawals from its platform after alleging that its systems were recently hacked.

In a statement posted on its official Twitter page, the fintech platform made this admission and explained that the breach affected its retail trading application, compromising its BTC and naira assets.

The fintech platform stated that it was temporarily halting withdrawals to conduct an internal restructuring exercise.

“Not long ago, we were victims of a hack. Patricia, the retail trading application, was solely affected by the breach. BTC and Naira assets were compromised,” the statement by Patricia read.

“In light of this, we are undergoing internal restructuring and temporarily suspending withdrawals on our apps (mobile and web). We understand how this has affected our customers, and are truly appreciative of your patience through these inconveniences,” the statement added.

Patricia further disclosed in the statement that it has tracked down one member of the coordinated gang responsible for the attack and pledged to do all in its power to ensure the return of all the money taken.

However, following Patricia’s admission, Techcabal reported that, despite only recently notifying its customers of the breach, multiple sources familiar with the situation claim that the incident occurred in 2022.

The Patricia app experienced a breach in January 2022, and the company reportedly lost $2 million as a result, according to Techcabal. 

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Food and Agriculture Organisation

World

FAO: World food prices rise to highest since 2022 amid adverse weather, war

Prices rose by 2.5 per cent indicating an increase compared to last year’s figure in the same month.

States

Remi Tinubu launches food bank in South-South

The programme targets vulnerable households, particularly children under six, among others.

newly-built houses

NationWide

FG to partner private sector on housing, urban renewal 

Mr Belgore expressed readiness for further technical discussions.

Rivers State

Port Harcourt

37 people killed trying to siphon crude oil from ship near Port Harcourt

Mr Dumnamene said the incident occurred during the illegal loading of the product into a ship at a tapping point.

Nigeria Railway Corporation (NRC)

Lagos

Lagos donates two patrol vehicles to NRC for railway security

Mr Ogunsan appealed to security personnel to take ownership of the vehicles.