Flutterwave debunks claims of system hacks
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Loading... - Leilia Joao
- 11 Apr 2023
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African fintech unicorn Flutterwave has again denied allegations that it’s system has been hacked two more times and over $1.2 million has been stolen.
Almost a month after pan-African tech publication Techpoint alleged that the company suffered a hack by culprits who transferred about ₦2.9 billion ($6.3 million) from the startup’s account, TechCabal is also reporting that Flutterwave has suffered sources two more hacks.
The report quoted sources as saying that the company was hacked again on March 1 and 14 by culprits who, this time, transferred a total ₦550 million ($1.2 million) from the company’s accounts.
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.
But Flutterwave has flatly denied these new hacking allegations claiming, as with the previous one, that it’s simply investigating some “unusual trends in some users’ profiles”. The company also claims that neither it nor its customers lost any money. Read More..
