Reports have it that ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave.
The suit is between the Commissioner of Police and the affected 28 commercial banks.
While there are no documents to confirm if the court has ruled in favour of Inspector Micheal’s motion, some people have confirmed that their accounts have been frozen in connection to the hack. Per the motion filed by Adebesin, 107 accounts, including fifth beneficiaries of those accounts, are to be placed on lien/Post-No-Debit .
With the stolen funds distributed across several accounts, which, according to tweets, may or may not have anything to do with the hack, it is not clear at this time who hacked Flutterwave. Questions about how hackers got past Flutterwave’s security and what this means for the unicorn’s customers remain unanswered. As of press time, Flutterwave hasn’t responded to our questions.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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