$2 Million Reportedly Lost in Hacking Incident
The Nigerian gift card and crypto trading platform, Patricia, recently converted user funds to a stablecoin known as patricia token (PTK). According to a report, the decision to convert user funds was made unilaterally and just over three months after Patricia reportedly lost $2 million in an apparent hacking incident.
Main Breakdowns:
- Patricia converted user funds to the stablecoin PTK.
- The conversion was made unilaterally.
- Patricia had previously lost $2 million in a hacking incident.
- The conversion has raised fears of an exit scam.
- Some users accuse Patricia of attempting to defraud them.
Hot Take:
Patricia’s decision to convert user funds to a stablecoin after a hacking incident raises concerns about the platform’s trustworthiness. Users fear an exit scam and accuse Patricia of attempting to defraud them. The platform’s actions and lack of transparency have fueled skepticism among users, highlighting the importance of due diligence when choosing a crypto trading platform.
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