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Liminal refutes the allegations of a $235 million security incident: WazirX still has $175 million in custodial assets

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Oct 22, 2024

Digital asset custody platform Liminal has issued a statement responding to the "disinformation spread" by Indian cryptocurrency exchange WazirX, clarifying its role in the incident. The statement noted that although WazirX accused Liminal of causing a $235 million security breach that occurred in July, 75 days after the incident, WazirX still held over $175 million in assets on the Liminal platform. Liminal emphasized that they do not have the authority to initiate any transactions involving WazirX funds; only the WazirX team can execute those operations. (Cointelegraph)

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