1/ 🧵 Patricia exchange app in Nigeria this year got hacked showing how the centralized exchanges are not secure and also not reliable to keep your crypto and the fiat money.
1/ 🧵 Patricia exchange app in Nigeria this year got hacked showing how the centralized exchanges are not secure and also not reliable to keep your crypto and the fiat money.
2/ 🧵 Patricia app had a network attack on the trading terminal which created the liquidity issues along with the trading loopholes in their apps. They even created different app to bypass this but that doesnt stop the liquidity withdrawal issues.
3/ 🧵 Turns out the politician and the internal person had the involvemnet into the hack and the govt has managed to handle this situation really well during this downtime.
4/ 🧵 Check out the Patricia exchange Hack was executed and howthe company managed at the end.
https://inleo.io/@esmeesmith/patricia-exchange-hack-things-we-know-so-far-about-centralized-apps