As a result of the hack, the platform blocked withdrawals.
Patricia users were able to withdraw funds through Patricia Plus, a product recently launched by the platform. However the introduction of the new product has not helped to process all customer withdrawal requests.
Patricia’s management said that if the assets the platform owed to users were converted into the U.S. dollar-backed PTK stablecoin, it would help get people’s money back faster
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
