Crypto P2P users in Nigeria worry over using various platforms to transfer funds as the country’s central bank cracks down on bank accounts that received a share of Flutterwave’s rumored stolen funds.
Nigerian password investors who apply peer-to-peer services have expressed anxiety about the Central Bank of Nigeria's identification of its bank accounts. CBN identified identification accounts are considered to be related to nearly $6.3 million (2.9 billion naira) of FlutterWave hackers, so the relationship between these bank accounts and cyber hackers has not been confirmed.
Abbott Onimore, a lawyer at FlutterWave, a Nigerian financial management firm, reported to the Lagos police on February 19th that nearly $6.5 million (equivalent to 3 billion naira) had been illegally transferred from his clients' accounts, according to local news features.
On February 27th, a resolution was submitted and approved unilaterally to promote the settlement of Flutterwave claims. According to the resolution, 107 accounts, including his fifth beneficiary, will be placed with a pledge / no credit (PND). * up to now, some locals have confirmed that his account has long been frozen because they are related to network hackers.
Such things once again prevent P2P users from interacting with various OTC sales markets, which can trade stocks between two major trading parties outside the announced trading center, without the supervision of the trading center regulatory authorities. Mainly because the hacked amount of the website has been injected into the password sales market in Nigeria's different OTC, users now have problems with financial services when they need to use P2P Internet services to transfer passwords.
Investors around the world use P2P as a medium for the immediate exchange of passwords without the involvement of intermediate governments. They can consider swapping encrypted currencies for encrypted currencies, or exchanging encrypted currencies for cash. In 2021, the Office of the U.S. House of Representatives expense Budget Corporation announced a new rule that prevents financial institutions from opening data encryption applications. However, Nigerians find their way forward based on the use of P2P service platforms, and still maintain its leading level as the larger password core area in Africa.
Some community members feel that this will seriously affect the common rights and interests of Nigerians who are not involved in encrypting the digital ecosystem to obtain digital currency.
A sad Nigerian shows that such things have led to the bankruptcy of some companies. This is mainly because unwary entrepreneurs receive payments for his services with funds known to be related to hacker attacks, resulting in confusion and possible consequences.
Although CBN has strict control over passwords, the P2P sales market has saved Nigeria's trade. But an investment analyst named Sadeik called it a black city where fraudsters laundered money. He went on to say that one of his friends lost more than half a million naira because his buyer and seller marked his account during the FlutterWave hacking.
In an official announcement, Flutterwave denied the hacking, saying it had detected unusual trading trends in some users' personal information and promptly opened the verification in accordance with its standard operating procedures. It is reported that this verification shows that some users who do not strongly recommend security policies are likely to be vulnerable to hackers. The statement added that Flutterwave was able to resolve these issues before causing any harm to its users.
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