Data leak [loss] $5M+

"Exclusive: Patricia’s newly reported hack happened in 2022 and cost the company $2 million"

2023-05-27 [vendor] Patricia Technologies theft
Primary Source ↗
Financial Loss $4.8M (4,800,000 USD)

Incident Details

Patricia, a retail cryptocurrency trading app in Nigeria, froze withdrawals after revealing that they had suffered a ₦2 billion hack. According to the outlet TechCabal, despite announcing the hack in May 2023, the incident actually occurred in January 2022, but Patricia had managed to hide it up until that point.The stolen ₦2 billion would have been worth around US$4.8 million based on the value of the Naira at the time of the theft.

Total loss estimated at $4,800,000.

Technical Details

Initial Attack Vector
Withdrawal halt / insolvency
Vendor / Product
Patricia Technologies theft

Timeline

  1. 2023-05-27 Breach occurred
  2. 2023-05-27 Publicly disclosed