Nigerian police arrest politician linked to crypto hack
Nigerian authorities arrested Amb. Wilfred Bonse, a Nigerian politician, for alleged theft and money laundering in connection to a breach suffered by cryptocurrency trading company Patricia Technologies Ltd. According to ACP Olumuyiwa Adejobi, a public relations officer with the Nigerian Police Force (NPF), the arrest was made following the force’s investigation into Patricia’s hack. As stated by Adejobi, Bonse allegedly assisted in laundering 50 million naira ($62,368) out of 607 million naira ($757,151) fraudulently diverted from the platform to his account via a crypto wallet. You might also like: November scores exploiters $290m over 5 major crypto hacks Before his arrest , Bonse contested for a gubernatorial seat in the Southern part of Nigeria. While investigations are still ongoing, other suspects remain at large, with the PRO stating that everyone involved in the criminal conspiracy case will be caught and punished. Reacting to the arrest , P...