Crypto Exchange Patricia Announces Debt Restructuring and Plans for Improved Transparency After Halting Withdrawals
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Patricia exchange CEO announces debt restructuring via convertible notes to raise funds and reorganize debts.
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Shares will be managed by an SEC-licensed third party for transparency.
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Some users unhappy and demanding money back after platform halted withdrawals.
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CEO says withdrawal issues temporary, new app coming soon to address problems.
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Situation follows previous security breach, adds to concerns about crypto exchange trustworthiness.