Popular Nigerian crypto investor, Prince Bennie Olatunji has taken to social media on August 4 to seek for useful information on how he can recover millions of his “crypto assets kidnapped on cryptopia exchange”.
Back in January, Cryptopia went offline for a couple of days before stating mid-month that it had “suffered a security breach which resulted in significant losses.” A blockchain data analytics firm estimated after the attack that as much as $16 million in ether and ERC-20 tokens could have lost. Later, in March, the exchange restarted trading services, but still had banking issues. Finally in May, Cryptopia went into liquidation.
Prince Bennie explained that “a total of 21,671,885 (about 22 million) coins put together”, all his assets on defunct Cryptopia cannot be assessed till date.
Reacting via an online conversation with an eBlockbuzz reporter, the President of Stakeholders in Blockchain Association of Nigeria (SiBAN), Paul Ezeafulukwe said that he “will inform the SiBAN legal team to legally engage with authorities in New Zealand to fast-track the unwinding of Cryptopia and repatriate funds to Nigerians who has accounts with Cryptopia. Whatever is the result, we will inform members of the SiBAN ecosystem.”
“We strongly suggest the use of decentralised Exchanges where users are in full control of their funds. Utilising Decentralised exchanges makes users their own Bank,” Ezeafulukwe concludes.
SiBAN is a Self-regulatory Blockchain Body. Lately, SiBAN rolled out a free Membership registration