Posted 11/25/2023, 9:45:00 AM
Nigerian Politician Arrested Over Alleged Involvement in Major Crypto Heist
- Nigerian politician Wilfred Bonse arrested for alleged involvement in Patricia Technologies crypto wallet heist, accused of laundering 50 million naira ($61,538) from stolen funds
- Police say over 200 million naira ($246,153) stolen from Patricia Technologies' crypto wallet through criminal conspiracy and unauthorized system access
- Arrest brings potential relief to crypto trading company Patricia Technologies after major hacking incident in May resulting in customer fund losses
- Patricia introduced internal Patricia Token (PTK) to represent debt owed to customers, aims to reimburse 1 USDT per PTK
- Company says still committed to repayment schedule this month despite withdrawal of original escrow agent DLM Trust