Following the reports that Woodberry’s fraud case has been dismissed by the US Attorney, Nigerian controversial journalist, Kemi Olunloyo has revealed why it was dismissed.
Kemi Olunloyo in her statement via her Twitter handle revealed that Woodberry alleged fraud proceeds went straight to a Bitcoin wallet and cannot be retrieved so the case was meaningless to them.
She, however, disclosed that the prosecutor will like file another case against him.
Kemi Olunloyo wrote, “What the dismissal of Woodberry’s case means: The HushPuppi prosecutor will likely file another case against Woodberry in that case. Woodberry’s alleged fraud proceeds went straight to a Bitcoin wallet, cannot be retrieved so the case was meaningless to them.”
“For those of you who don’t know how cryptocurrency works, as a Journalist I’m supposed to explain. Woodberry cannot be proven as a fraudster as the money those companies lost is not in bank accts account. Nobody has the Bitcoin wallet pin. No proof he stole.”
“Very hard to hack Bitcoin wallets. Almost impossible. Let’s learn from Aisha Ardo’s Kidnappers and Quadriga. Most transactions are untraceable, Bitcoin wallets need a pin, even Gerald Cotten’s wife could not access $190M he owed ppl.”
#SurvivingHushpuppi What the dismissal of Woodberry's case means: The HushPuppi prosecutor will likely file another case against Woodberry in that case. Woodberry's alleged fraud proceeds went straight to a Bitcoin wallet, cannot be retrieved so the case was meaningless to them
— K🎙️ (@KemiOlunloyo) July 24, 2020
