Nigerian crypto exchange's token launch draws scrutiny

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Nigerian crypto exchange's token launch draws scrutiny
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Nigerian exchange Patricia introduces native token PTK, sparking skepticism. Native tokens are unique to platforms, like BNB on Binance. Patricia's PTK replaces balances, but doubts persist due to past breach and unclear intentions.

of a security breach resulting in fund losses in May 2023. Despite asserting that customer funds remained unaffected, platform users have faced ongoing difficulties in accessing their funds since April.

The response to Patricia's announcement has led to speculation around fears of a potential exit scam, which could leave customers who have funds stuck on the platform in a precarious situation.by members of the local crypto community, there are a few indicators of concern surrounding Patricia's introduction of PTK. The token is absent from major cryptocurrency aggregators like CoinMarketCap and Coingecko.

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