The Politician’s Role in a Complex Crime
A Nigerian politician has been apprehended by the country’s police for his involvement in an attempt to launder stolen digital assets from cryptocurrency exchange platform Patricia Technologies. The accused, Wilfred Bonse, allegedly transferred over $60,000 from the $750,000 worth of stolen funds to his own bank account. In May, Patricia Technologies experienced a security breach that resulted in more than $2 million in digital assets being stolen. Patricia had to seek additional funds in order to reimburse affected users.
Arrest and Ongoing Investigations
The spokesperson for the Nigerian police, Prince Olumuyiwa Adejobi, revealed that Bonse has been heavily implicated in the crime. He conspired in transferring an amount equivalent to $123,000 from Patricia Technologies’ account to his bank account through a cryptocurrency wallet. Investigations are still underway to identify all individuals involved in the hack and bring them to justice.
Praise for Law Enforcement Agencies
Patricia CEO Hanu Fejiro expressed gratitude to Nigerian law enforcement agencies for apprehending Bonse. Fejiro believes that the recovery of the funds will greatly benefit Patricia users who were affected by the security breach. Days before Bonse’s arrest, Patricia had already begun the process of refunding its users.
Hot Take: Recovered Funds Bring Relief to Patricia Users
Nigerian law enforcement recently arrested a politician who is accused of laundering digital funds that were stolen from Patricia Technologies in May. CEO Hanu Fejiro praised the politician’s arrest and said the recovered funds will “go a long way to soothe Patricia users.”
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