WazirX Cyberattack: Liminal Responds To Claims Of Non Cooperation; Here's What It Said

The WazirX breach from the cybercriminals targeted a multi-signature wallet. As a result of the attack, WazirX lost nearly 45 per cent of its held assets

The WazirX cyberattack, which took place on July 18, resulted in the theft of over $230 million (approximately Rs 2,000 crore) in digital assets

Source : Pexels

Liminal Custody, a digital asset custody solutions company, has denied the claims made in the recent India Today report that claims that Liminal has shown a lack of cooperation with Delhi Police in the cyberattack case on cryptocurrency exchange firm WazirX. The report states that in a chargesheet filed by the Delhi Police in the cyberattack case, there has been an alleged non-cooperation from Liminal Custody's side.

Responding to the report, in an official statement, Liminal told ABP Live, “Contrary to the media reports, we would like to clarify that Liminal has not only submitted their reply to the authorities, but has also officially met with IFSO officials to help them with our best efforts despite the territorial limitations of data sharing. We have no indication of non cooperation from the authorities and we continue to engage proactively and to provide our support to address this matter with transparency and responsibility. It is important to emphasize that despite what the media report might insinuate, the investigations with all parties are still ongoing and it is extremely premature to arrive at any conclusions at this stage. We advise the community to exercise their due discretion before forming any opinions based on inference based reports which may or may not accurately reflect the actual source."

Liminal's dedication to regulatory compliance and transparent operation remains a cornerstone of our business practices. We will continue to collaborate fully with relevant authorities while adhering to all legal and jurisdictional requirements governing our operations in India, Singapore and other territories globally," it added.

Additionally, in the chargesheet reviewed by ABP Live, it is stated that Liminal responded to the notice. "During the course of investigation, on 27/9/2024 a notice was again given to Answer Eleven Pte Limited Le. Liminal and on 01/10/2024 Answer Eleven Pte Limited i.e. Liminal gave reply of the notice but did not provide the data or logs of alleged date. Detailed analysis of the Devices, logs and examination of concerned officials from Liminal is yet to be done to ascertain role of the company as well as its employees to establish," the chargesheet states.

Sources from Liminal told ABP Live, “There might be a delay in sharing the information we can provide, but we remain dedicated to ensuring 100 per cent compliance and cooperation within the framework of the law.”

Meanwhile, the WazirX cyberattack, which took place on July 18, resulted in the theft of over $230 million (approximately Rs 2,000 crore) in digital assets. The breach from the cybercriminals targeted a multi-signature wallet. As a result of the attack, WazirX lost nearly 45 per cent of its held assets.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.