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On October 21st, after the Nigerian cryptocurrency exchange Patricia issued the token PTK to manage user debts, the CEO of the exchange, Fejiro Hanu, stated that customers can now choose to convert their owed funds into Patricia stocks. These stocks will be managed by a reputable third-party trustee licensed by the U.S. Securities and Exchange Commission (SEC) to ensure complete transparency.
According to the CEO's statement, this process constitutes a part of the company's financing and debt restructuring strategy. The company is expected to relaunch its application soon and prepare for its fundraising plans.
Previously, Patricia had disclosed in May that it was hacked, and subsequently unilaterally converted user funds into a new stablecoin, raising concerns about an exit scam. Patricia later raised an undisclosed amount of funds to support its compensation plan for users affected by the May hacking attack. |
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Post time 26-10-2023 08:22:48
