Hackers have stolen ₦2.9 billion from Flutterwave accounts, motion filed to freeze accounts connected with stolen funds
According to documents seen by Techpoint Africa, ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave. On February 19, 2023, Flutterwave’s legal counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Lagos.
A Twitter user said, “I got a mail from my bank saying I’m a 4th beneficiary to this acclaimed fraud money. This was after over five days after a successful trade. My account is locked 🔒 can’t access fund inside. Pls is this right? It’s unfair I have zero business with flutter wave or the hack.”
Flutterwave denied the hack. it said, “we identified an unusual trend of transactions on some users’ profiles. Our team immediately launched a review (inline with our standard operating procedure), which revealed that some users who had not activated some of our recommended security settings might have been susceptible.”
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Hackers have stolen ₦2.9 billion from Flutterwave accounts
Share this post
Hackers have stolen ₦2.9 billion from Flutterwave accounts, motion filed to freeze accounts connected with stolen funds
According to documents seen by Techpoint Africa, ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave. On February 19, 2023, Flutterwave’s legal counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Lagos.
A Twitter user said, “I got a mail from my bank saying I’m a 4th beneficiary to this acclaimed fraud money. This was after over five days after a successful trade. My account is locked 🔒 can’t access fund inside. Pls is this right? It’s unfair I have zero business with flutter wave or the hack.”
Flutterwave denied the hack. it said, “we identified an unusual trend of transactions on some users’ profiles. Our team immediately launched a review (inline with our standard operating procedure), which revealed that some users who had not activated some of our recommended security settings might have been susceptible.”
Techpoint
***This is a developing story.