Fejiro Hanu, CEO of Nigerian cryptocurrency exchange platform Patricia, recently used his .
Hanu denied the growing speculation, emphasizing that the spread of negative news often outstrips positive updates, leading to misunderstandings about the company’s position.
In a statement, the CEO highlighted the role of various news outlets and blogs in perpetuating clickbait headlines and misinformation, contributing to the rapid spread of false closure stories. He expressed his dissatisfaction with the way the information was disseminated and apologized to users of the platform, while also affirming his resolve not to succumb to online harassment.
Touted as a pioneering platform in Nigeria, the exchange has recently been at the center of rumors of its closure, despite no official announcement being made. Despite the government’s aggressive stance on cryptocurrency, several cryptocurrency exchanges have emerged in the country.
In particular, Patricia came under significant scrutiny last year after admitting to losing $2 million in client funds due to alleged security breaches. The case was later linked to former Nigerian gubernatorial candidate Wilfred Bonse.
Crypto.news reported last November that authorities arrested Bonse in connection with the exchange breach. Upon Bonse’s arrest, Hanu expressed relief that he felt vindicated and thanked the Nigerian Police for their thorough investigation, hinting at a potential restoration of trust.
Despite these events, recent commentary has claimed that the company may actually be on the brink of complete collapse. Hanu’s public rebuttal to rumors of closure is an attempt to demonstrate the exchange’s resilience to ongoing challenges.
Paystack co-founder and CTO Ezra Olubi expressed skepticism about the incident. As for