{"id":253344,"date":"2023-03-05T17:35:16","date_gmt":"2023-03-05T16:35:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=253344"},"modified":"2023-03-05T18:37:31","modified_gmt":"2023-03-05T17:37:31","slug":"hackers-allegedly-steal-n2-9bn-from-flutterwave","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/03\/05\/hackers-allegedly-steal-n2-9bn-from-flutterwave\/","title":{"rendered":"Hackers allegedly steal N2.9bn from Flutterwave"},"content":{"rendered":"<p>The accounts of African fintech unicorn Flutterwave reportedly had $2,949,557,867 fraudulently transferred from them.<\/p>\n<p>According to Techcabal, the case was reported to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba by the tech giant&#8217;s counsel, Albert Onimole.<\/p>\n<p>According to Onimole&#8217;s letter, the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/07\/flutterwave-reacts-to-money-laundering-claims-in-kenya\/\">hack on Flutterwave&#8217;s accounts happened a few weeks ago<\/a>, and the money was initially transferred to 28 accounts in 63 transactions.<\/p>\n<p>Although the receiving accounts were listed, the police have yet to freeze the receiving accounts to prevent the money from being moved.<\/p>\n<p>According to Flutterwave, some commercial banks permitted the money to be transferred to other accounts, thereby expanding the money trail.<\/p>\n<p>To support Flutterwave&#8217;s claims, S.A. Adedesin, Legal Officer, State CID, Panti, Yaba, filed a suit in the Magistrate Court of Lagos to investigate the accounts holding the stolen funds across various financial institutions in Nigeria.<\/p>\n<p>The suit is between the Commissioner of Police and the affected 28 commercial banks.<\/p>\n<p>While there are no documents to confirm if the court has ruled in favour of Inspector Micheal\u2019s motion, some people have confirmed that their accounts have been frozen in connection to the hack.<\/p>\n<p>Per the motion filed by Adebesin, 107 accounts, including fifth beneficiaries of those accounts, are to be placed on lien\/Post-No-Debit (PND).<\/p>\n<p>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.<\/p>\n<p>Questions about how hackers got past Flutterwave\u2019s security and what this means for the unicorn\u2019s customers remain unanswered. As of press time, Flutterwave hasn\u2019t responded to our questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The accounts of African fintech unicorn Flutterwave reportedly had $2,949,557,867 fraudulently transferred from them. According to Techcabal, the case was reported to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba by the tech giant&#8217;s counsel, Albert Onimole. According to Onimole&#8217;s letter, the hack on Flutterwave&#8217;s accounts happened a few weeks ago, and [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":253353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/punchng.com\/hackers-allegedly-steal-n2-9bn-from-flutterwave\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[7198,12163,58522,1931],"class_list":["post-253344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-flutterwave","tag-hackers","tag-n2-9bn","tag-steal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hackers allegedly steal N2.9bn from Flutterwave<\/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.withinnigeria.com\/news\/2023\/03\/05\/hackers-allegedly-steal-n2-9bn-from-flutterwave\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Yahoo Boys&#039; steal N2.9bn from Flutterwave\" \/>\n<meta property=\"og:description\" content=\"The accounts of African fintech unicorn Flutterwave reportedly had $2,949,557,867 fraudulently transferred from them. According to Techcabal, the case was\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2023\/03\/05\/hackers-allegedly-steal-n2-9bn-from-flutterwave\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-05T16:35:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-05T17:37:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2023\/03\/ola_peter\/2023\/03\/05\/hackers-allegedly-steal-n29bn-from-flutterwave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davies Ngere Ify\" \/>\n<meta name=\"twitter:card\" 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