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Wazirx Transfers Crypto Assets to New Multisig Wallets to Raise Defence

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By on August 14, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Wazirx Transfers Crypto Assets to New Multisig Wallets to Raise Defence appeared first on Coinpedia Fintech News

WazirX has revealed plans to transfer the remaining crypto funds from Liminal to new multi-sig wallets. This has been taken to add to the level of protection of assets after the July 18 $230 million hack. Even so, WazirX’s interfaces and systems are considered safe; Liminal’s, however, are an issue in the aftermath of the attack. The migration process is being done with so much precaution that no time period is mentioned. WazirX will also reveal new wallet addresses once the transfer is complete. To make the information provided herein even more credible, specifics of the involved assets and transactions are available on the chain.

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