{"id":25300,"date":"2023-04-08T16:40:49","date_gmt":"2023-04-08T16:40:49","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=25300"},"modified":"2023-04-08T16:40:49","modified_gmt":"2023-04-08T16:40:49","slug":"flutterwave-debunks-claims-of-system-hacks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/flutterwave-debunks-claims-of-system-hacks","title":{"rendered":"Flutterwave debunks claims of system hacks"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>African fintech unicorn Flutterwave has again denied allegations that it\u2019s system has been hacked two more times and over $1.2 million has been stolen.<\/b><\/p>\n

Almost a month after pan-African tech publication Techpoint alleged that the company suffered a hack by culprits who transferred about \u20a62.9 billion ($6.3 million) from the startup\u2019s account, TechCabal is also reporting that Flutterwave has suffered sources two more hacks.<\/p>\n

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 \u20a6550 million ($1.2 million) from the company\u2019s accounts.<\/p>\n

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.<\/p>\n

But Flutterwave has flatly denied these new hacking allegations claiming, as with the previous one, that it\u2019s simply investigating some \u201cunusual trends in some users\u2019 profiles\u201d. The company also claims that neither it nor its customers lost any money.<\/p>\n

Court documents, however show that the fintech, in March, sought and obtained an order to freeze 106 bank accounts\u2014across 27 Nigerian banks and financial institutions\u2014which had directly or indirectly received money from the illegal transfers. These orders have affected about 108 persons, many of whom are crypto merchants.<\/p>\n

Another source claims that the fintech has now filed a forfeiture petition against the supposed beneficiaries.<\/p>\n

A court is set to hear the Flutterwave case on April 28.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. African fintech unicorn Flutterwave has again denied allegations that it\u2019s 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 \u20a62.9 billion ($6.3 million) from the startup\u2019s account, […]<\/p>\n","protected":false},"author":84,"featured_media":25299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,237,234],"class_list":["post-25300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nFlutterwave debunks claims of system hacks - Botswana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/flutterwave-debunks-claims-of-system-hacks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flutterwave debunks claims of system hacks\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Botswana. African fintech unicorn Flutterwave has again denied allegations that it\u2019s system has been hacked two more times and over $1.2 million has been stolen. 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