Fejiro Hanu assured that, despite the government’s aggressive stance towards cryptocurrencies, many cryptocurrency exchanges and companies have appeared and continue to operate in the country.
Co-founder and CTO of competitor Paystack Ezra Olubi suggested that Patricia executives are simply trying to hide the consequences of illegally using part of clients' assets to cover inappropriate expenses.
Last year, the Patricia administration was forced to explain to regulatory authorities about the possible illegal use of client assets to support the election program of former presidential candidate Wilfred Bonse. According to the Nigerian authorities (NPF), the opposition candidate used Patricia to launder 657 million naira (approximately $800,000), which was then transferred from the platform to the politician’s personal account.
Earlier, against the backdrop of attempts by the Nigerian authorities to explain the country’s economic problems by the malicious actions of crypto exchanges, unknown persons disseminated a fake statement from the Central Bank (CBN) of this African country about blocking all bank accounts of users of the Bybit, KuCoin, OKX and Binance crypto platforms.
Source: Bits
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