TechFlow news, October 22 — According to Cointelegraph, digital asset custody platform Liminal has issued a statement responding to WazirX's "dissemination of false information." The statement指出 that despite WazirX accusing Liminal of being responsible for the $235 million security breach in July, 75 days after the hack, WazirX still holds over $175 million in assets on the Liminal platform.
Liminal disclosed that as of now, approximately $50 million worth of user assets from WazirX remain stored in wallets accessed via Liminal’s infrastructure. Liminal emphasized that it cannot initiate transactions involving WazirX funds—only the WazirX team possesses the authority to execute such transactions.
In addition, Ashish Singhal, co-founder of CoinSwitch, pointed out on social platform X that following the alleged security incident, WazirX transferred over $70 million in user cryptocurrency to global exchanges Bybit and KuCoin—approximately $72.12 million to Bybit and around $1.5 million to KuCoin.
Notably, on October 17, WazirX submitted information on 240,000 wallet addresses to a Singapore court, stating this was required for its debt restructuring process. In response, Liminal said this extensive, over-1,100-page filing has sparked intense controversy within the crypto ecosystem. As of press time, WazirX has not responded to Liminal’s statement.
