Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Liminal Custody insists Rs 2000 crore hack was from WazirX’s end

CryptotimesCryptotimes2024/09/09 11:00
By:RajpalsinhVaibhav Jha

WazirX and Liminal Custody have engaged in a bitter blame game as lakhs of users are awaiting their funds recovery, the prospects of which are fading day by day.

WazirX’s estranged security partner Liminal Custody released a statement on Monday claiming that an independent, third party audit has absolved them of any discrepancies related to July 18 cyber hack of Rs 2000 crores. Liminal Custody also claimed that the breach on the multi-sig wallet most likely occurred from WazirX’s management end, as per the audit findings.

The development comes weeks after WazirX management released a statement blaming Liminal Custody for the breach of their multi-sig wallet, claiming that the latter was entrusted with the security of their wallet.

As per a statement released by Liminal Custody on Monday, the firm has conducted a third party audit by Grant Thornton, which revealed that the July 18 hack incident likely originated from “outside Liminal’s infrastructure and systems”. 

Liminal Custody said that an audit report by Grant Thornton has absolved them of any discrepancies from their end.

It is pertinent to note that Liminal Custody and WazirX management have had a fallout since the July 18 hack and the latter had blamed Liminal for their alleged failure to secure the multi-sig wallet that was breached . The Crypto Times had earlier reported that WazirX co-founder Nischal Shetty and Liminal Custody’s Mahin Gupta have links with another organization, Pi42 exchange , which is also co-founded by Nischal.

Meanwhile, the users of WazirX have now demanded an investigation by Central Bureau of Investigation (CBI)- India’s premier agency- to conduct a probe against both WazirX management and Liminal Custody to get to the bottom of the truth.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!