Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Satoshi-Era Whale Completes $9,300,000,000 Bitcoin Dump Through Galaxy Digital in One of the Biggest Whale Transactions Ever

July 27, 2025

Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade

July 27, 2025

Ripple’s XRP Didn’t Make ChatGPT’s Top 5 Altcoin List: Here’s Why

July 27, 2025

‘Parabolic bull markets and devastating bear markets are over’ — BTC analyst

July 27, 2025

Shytoshi Kusama Leads SHIB Army Poll on Further SHIB-BONE Shibarium Burns

July 27, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade

    July 27, 2025

    Ripple’s XRP Didn’t Make ChatGPT’s Top 5 Altcoin List: Here’s Why

    July 27, 2025

    Bitcoin to $1M? Corporate Treasury Boom Could Spark Dot-Com Level Mania

    July 27, 2025

    Former Binance CEO’s Alleged Support For Trump Initiatives: A Strategy For Pardon?

    July 27, 2025

    Bitcoin Price Could Still Tumble Down To $109,000 — This Chart Pattern Suggests So

    July 27, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » Blockchain » Nigerian police arrest politician linked to crypto hack
Blockchain

Nigerian police arrest politician linked to crypto hack

Crypto Observer StaffBy Crypto Observer StaffNovember 27, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Nigerian authorities arrested Amb. Wilfred Bonse, a Nigerian politician, for alleged theft and money laundering in connection to a breach suffered by cryptocurrency trading company Patricia Technologies Ltd. 

According to ACP Olumuyiwa Adejobi, a public relations officer with the Nigerian Police Force (NPF), the arrest was made following the force’s investigation into Patricia’s hack. 

As stated by Adejobi, Bonse allegedly assisted in laundering 50 million naira ($62,368) out of 607 million naira ($757,151) fraudulently diverted from the platform to his account via a crypto wallet. 

Before his arrest, Bonse contested for a gubernatorial seat in the Southern part of Nigeria. While investigations are still ongoing, other suspects remain at large, with the PRO stating that everyone involved in the criminal conspiracy case will be caught and punished. 

Reacting to the arrest, Patricia CEO Hanu Fejiro Abgodje said the development vindicated the crypto platform, which came under criticism following the hacking incident. 

“This is a big relief. We have finally been vindicated as not a few disbelieved us that our platform was hacked in the first place. But thanks to the diligence of the Nigerian Police and the unwavering commitment of my colleagues, we are delighted that our customers now have more reason to continue to trust us. The dark days are over”

Patricia CEO, Hanu Fejiro Agbodje

Patricia suffered a breach in May, resulting in the loss of customer deposits. In a recent blog post, the platform announced that it would move ahead with its repayment plan, which began Nov. 20, despite DLM Trust Company terminating a partnership deal with the crypto trading outfit. 



Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solo Bitcoin Miner Successfully Mines Block

Solo Bitcoin Miner Successfully Mines Block

July 26, 2025
Japan’s Approval Culture Is Blocking Crypto Growth: WeFi CEO

Japan’s Approval Culture Is Blocking Crypto Growth: WeFi CEO

July 26, 2025
Galaxy moves another $1.1B to Exchanges

Galaxy moves another $1.1B to Exchanges

July 25, 2025
Ether Machine launches for Institutional Yield after the GENIUS Act

Ether Machine launches for Institutional Yield after the GENIUS Act

July 25, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Satoshi-Era Whale Completes $9,300,000,000 Bitcoin Dump Through Galaxy Digital in One of the Biggest Whale Transactions Ever

July 27, 2025

Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade

July 27, 2025

Ripple’s XRP Didn’t Make ChatGPT’s Top 5 Altcoin List: Here’s Why

July 27, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Ripple’s XRP Didn’t Make ChatGPT’s Top 5 Altcoin List: Here’s Why

July 27, 2025

Bitcoin to $1M? Corporate Treasury Boom Could Spark Dot-Com Level Mania

July 27, 2025

Former Binance CEO’s Alleged Support For Trump Initiatives: A Strategy For Pardon?

July 27, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.