Flutterwave Pursues Legal Action to Recover Funds
Apr 12, 2023 ·
1m 35s
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Description
Nigerian fintech unicorn, Flutterwave, was likely breached a second and third time on March 1 and 14, 2023. The sources alleged that, much like the first incident on February 5,...
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Nigerian fintech unicorn, Flutterwave, was likely breached a second and third time on March 1 and 14, 2023.
The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave accounts to buy USDT on the crypto platform Binance.
The monies involved in both incidents in March are estimated to be N550 million. It remains unclear how the perpetrators were able to move the money.
Flutterwave denied the claims that the Flutterwave systems have not been hacked.
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The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave accounts to buy USDT on the crypto platform Binance.
The monies involved in both incidents in March are estimated to be N550 million. It remains unclear how the perpetrators were able to move the money.
Flutterwave denied the claims that the Flutterwave systems have not been hacked.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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