Flutterwave, a unicorn in the African financial industry, has denied losing $2,949,557,867 to hackers.
On Sunday, it was previously revealed that hackers had stolen $2,949,557,867 from the company’s accounts, with over 300 clients being impacted.
The business revealed nothing of the like happened on Sunday.
The business assured customers that Flutterwave had not been compromised. As a financial institution, we keep an eye on transactions using our fraud desk, which is staffed around-the-clock, and our transaction monitoring tools. To make our financial system safe and secure, we work with other institutions and law enforcement.
It further disclosed that none of its customers lost funds nor was the company account hacked.
“During a routine check of our transaction monitoring system, we identified an unusual trend of transactions on some users’ profiles. Our team immediately launched a review (in line with our standard operating procedure), which revealed that some users who had not activated some of our recommended security settings might have been susceptible.”
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“We want to confirm that no user lost any funds, and we take pride in the fact that our security measures were able to address the issue before any harm could be done to our users. We want to reassure you that Flutterwave has not been hacked.” Flutterwave said.
However, The ANAEDOONLINE reported on Sunday that the tech giant’s counsel, Albert Onimole, had notified the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba.
According to Onimole’s letter, the hack on Flutterwave’s accounts occurred about some weeks ago revealing that the said sum was initially transferred to 28 accounts in 63 transactions.
Although the accounts that received the money were listed, the police are yet to freeze the receiving accounts to prevent the Money being moved.
According to Flutterwave, some commercial banks allowed the money to be moved to other accounts, widening the money trail.
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