Amidst the ongoing debt restructuring process of Indian cryptocurrency exchange WazirX, its digital custody partner Liminal has issued a statement regarding the alleged security breach.

On October 22, Liminal responded to what it described as a “disinformation campaign” against WazirX and clarified its role in the matter. It stated that despite WazirX holding Liminal responsible for the $235 million breach in July, it still holds millions of its assets on Liminal.

Liminal announced that 75 days after the security incident, WazirX has more than $175 million in assets on its platform, and as of today, approximately $50 million worth of user assets remain in wallets accessed through Liminal’s infrastructure.

Liminal emphasized that it cannot initiate transactions related to WazirX’s funds, and that only the WazirX team can perform such transactions. It also stated that WazirX has submitted 240,000 wallet addresses to the court as part of its debt restructuring process in Singapore.

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