Crypto platform Patricia converted customer funds into its own PTK tokens without permission
Nigerian cryptocurrency platform Patricia has unilaterally converted outstanding user funds into its own stablecoin, Patricia Token (PTK). The decision to convert funds was made by the platform three months after the hacker attack, during which Patricia lost $2 million worth of bitcoins and other assets. As a result of the hack, the platform blocked the withdrawal of funds. Patricia users were able to withdraw funds through the Patricia Plus product recently launched by the platform.…
