TechFlow news, August 14 — According to Coindesk, Indian cryptocurrency exchange WazirX announced on Wednesday the termination of its partnership with custody service provider Liminal and is moving funds to a new multi-signature wallet. The move follows last month's security breach involving $230 million, which resulted in the disappearance of 45% of customer funds. WazirX and Liminal have since blamed each other for the attack, sparking user concerns over fund safety.
WazirX stated it is transferring remaining assets from Liminal to a new wallet to ensure maximum asset security. While WazirX’s own systems were not compromised, trust in the custodian has been undermined. Liminal said customers always retained full control over their wallets and that it is cooperating with the migration process. Co-founder Nischal Shetty urged users to allow time to resolve the issue, promising to publish the list of new wallets upon completion to ensure transparency.
