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Nigerian Law Enforcement Arrests Politician Involved in Crypto Exchange Fund Laundering

Nigerian law enforcement arrests politician Wilfred Bonse for allegedly laundering digital assets stolen from Patricia Technologies, a crypto exchange.

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.

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.