Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest
Patricia Exchange’s CEO Fejiro Hanu, has refuted rumors of the exchange’s closure, dismissing them as media sensationalism aimed at generating clicks. Patricia Exchange is the first platform to offer crypto exchange services in Nigeria. Hanu said,
“I am done speaking to these fake outlets. I will speak directly to Patricia users, the very few decent reporters, and on my platforms.”
Despite facing scrutiny after a hacking incident in May 2023, Hanu assured users in a Twitter post that Patricia is still operational.
A thread:
Something I want to point out is, most reporters, media houses, blogs, twitter influencers do not care about the truth.
Why? Your eyeballs, your clicks, your views — that’s the prize.
— Hanu (@Fejizzy) May 1, 2024
Patricia’s CEO criticized media outlets for distorting the narrative and emphasized that the exchange remains committed to integrity and customer trust.
Time and time again, I have shared information, poured my heart out to these media houses. But guess what?
They turn it around to fit their own narrative, to farm your views.
Why do you think billionaires invest heavily in media companies?
— Hanu (@Fejizzy) May 1, 2024
In response to challenges accessing customer funds since April 2023, Patricia converted the value of assets into its native Patricia Token (PTK) in October 2023, ensuring future repayment. Hanu clarified that PTK represents debt and is not an on-chain token. Patricia pledged to reimburse holders with 1 Tether (USDT) token for each Patricia token. With these, Patricia demonstrates its commitment to asset recovery after the security breach.
Hanu updated users on Patricia’s status, mentioning ongoing efforts by Nigerian security services to address the situation. In November
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