Patricia Technologies' Stolen Funds Traced to Politician, Arrested for Laundering Over $60,000 in Crypto
Nigerian law enforcement has apprehended a politician, Wilfred Bonse, for his alleged involvement in laundering digital assets stolen from crypto exchange Patricia Technologies. The arrest follows the theft of over $2 million worth of digital assets from Patricia in May. Bonse is accused of fraudulently transferring more than $60,000 from the stolen funds to his bank account.
🚨 IMPORTANT UPDATE🚨
— Patricia (@PatriciaSwitch) November 24, 2023
Thank you to the men and women of the NPF-NCCC.
More updates to follow soon. #patriciatechnologies https://t.co/qSHGjZ3EsQ
Patricia Commends Law Enforcement, CEO Stresses Relief for Users
In response to the arrest, Patricia Technologies CEO Hanu Fejiro praised Nigerian law enforcement for their efforts. The recovered funds, particularly the $60,000 linked to Bonse, are expected to contribute significantly to refunding affected Patricia users. Investigations are ongoing, and authorities are committed to bringing the hackers responsible for the exchange breach to justice.
Ongoing Refund Efforts and Progress in the Investigation
Patricia Technologies recently announced the commencement of the refund process for affected users. The arrest of Wilfred Bonse is seen as a positive step in recovering funds lost in the crypto exchange platform breach. Nigerian law enforcement assures ongoing efforts to unravel the complexities of the crime and bring all involved parties to justice.
