Patricia claims system hack, customers’ funds trapped

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

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

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.”

Showbiz
TikTok removes 12 million videos in Sub-Saharan Africa
TikTok says it removed 12 million videos in Sub-Saharan Africa during the fourth quarter of 2025.

Economy
Google Play launches $1 million fund to boost African game developers
Google Play on Friday inaugurated a $1 million Indie Games Fund to support emerging game developers across 32 African countries with funding, technical support and mentorship.

Education
52 inmates sit NECO exams in Kano custodial centres
Fifty-two inmates have commenced sitting NECO and the National Board for Arabic and Islamic Studies examinations in Nigerian Correctional Service custodial centres in Kano.

Rights
Dismissed Ojukwu varsity lecturer given one-month ultimatum to appeal
The management of the Chukwuemeka Odumegwu Ojukwu University, Igbariam, in Anambra, has given the sacked staff one month to appeal the decision against them.

States
Gas dealers in Plateau decry low patronage amidst price hike
Cooking gas dealers in Pankshin, Plateau, are struggling with low patronage amid the current price hike.

Abuja
Court orders police to pay N200 million for extrajudicial killing of Abuja cleric
The Federal High Court, Abuja Division, has awarded N200 million against the police over the unlawful killing of Kabiru Babai.






