Nigerian crypto company Patricia will still repay customer funds, despite its partner DLM Trust abruptly ending their collaboration.
Initially, Patricia engaged DLM Trust to manage the return of $2 million lost in a hack. However, DLM Trust, a licensed trust company, decided to terminate the partnership, citing violations of their agreement.
Patricia expressed surprise at this move, asserting that they followed the terms of their contract.
Patricia faces difficulties as it seeks to regain the trust of its frustrated customers who couldn’t access their funds after the hack.
The company attempted to convert customer assets to tokens without their consent, leading to legal concerns. Some customers are even considering peaceful protests to demand refunds.
This is coming after allegations of absconding against Patricia came from a customer out of trust for the crypto company.