Flutterwave, the African fintech unicorn, has confirmed that it has not been hacked, following reports that hackers had transferred over ₦2.9 billion from its accounts in February 2023.
The company said that it identified an unusual trend of transactions on some users’ profiles during a routine check of its transaction monitoring system.
Flutterwave’s team immediately launched a review and discovered that some users who had not activated some of the recommended security settings may have been susceptible to the unauthorized transactions. However, no user lost any funds, and the company’s security measures prevented any harm to users.
Flutterwave assured its customers of its commitment to keeping their financial information safe and secure by investing heavily in security initiatives such as periodic audits, certifications, and licenses, in line with global best practices in information security management.
Read Flutterwave’s official statement on report of N2.9bn stolen by hackers
The company urged its customers to continue using its services and trust it to enable their business growth while keeping their financial information safe and secure.
