WazirX and Liminal Custody Face Off After Major $230 Million Crypto Breach
Friday, 19 July 2024, 14:36
Overview of the Incident
The recent $230 million crypto exploit has raised alarms in the cryptocurrency community. Both WazirX and Liminal Custody find themselves in a heated dispute regarding the security of their multisignature wallets.
Details of the Dispute
- WazirX claims that Liminal Custody was responsible for the security lapse.
- Liminal Custody counters that WazirX failed to implement necessary protections.
Customer Impact
As this public feud unfolds, many customers are left feeling stranded, with their investments in limbo. The importance of security and transparency in the crypto exchange space has never been more critical.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.