WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets

Quick Summary:

WazirX said it is ending its relationship with Liminal and moving its funds into new multisig wallets.

The Indian crypto exchange is facing heat from customers for the inability to withdraw their funds and an alleged lack of transparency after a $230 million exploit.

Co-founder Nischal Shetty asked customers to give the exchange some time to resolve the issue.“We are exercising extreme caution in how and when we move these assets, considering the complexity involved,” the post on X said indicating the need to take precautions to avoid another attack while moving the funds.“For transparency, we’ll publish the list of all new wallets once the migration is complete.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Multisig Wallets News WazirX Ends Custody Relationship With Liminal Latest News Is Moving Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 09:28:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22085804

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions