Liminal has already supported the CBI in an operation by assembling a specialized team to safely store seized assets. India’s Central Bureau of Investigation (CBI), the country’s top investigating police […] The post Liminal Appointed By India’s CBI To Manage Seized Digital Asset...
- Liminal has already supported the CBI in an operation by assembling a specialized team to safely store seized assets.
India’s Central Bureau of Investigation (CBI), the country’s top investigating police agency, has selected digital asset custodian Liminal to manage confiscated digital assets, according to the company.
Liminal has previously assisted a CBI operation by establishing a specialized team that developed multi-signature and multi-party computation wallets to safely store seized assets. The operation’s specifics were not disclosed. In the recent past, India has experienced at least two big cryptocurrency scams: a $300 million scam in which 18 people were arrested, and a $120 million scam in which at least two people were jailed.
The CBI did not immediately react to a CoinDesk request for comment, but its officials expressed gratitude for Liminal’s involvement and support during this operation, according to the announcement. Typically, the CBI does not reveal specifics about current investigations.
Liminal raised $4.7 million in seed funding from venture capital firm Elevation Capital and notable angel investors such as Andreas Antonopoulos, Balaji Srinivasan, and Sandeep Nailwal in mid-2022. Mahin Gupta, co-founder of one of India’s first bitcoin exchanges, ZebPay, launched Liminal. It is headquartered in Singapore.
“Our partnership with the CBI demonstrates our unwavering commitment to building a safe and regulated digital asset ecosystem in India,” said Manan Vora, Liminal’s Senior Vice President of Strategy and Business Operations. “As experts in the field, we feel it’s our responsibility to assist law enforcement agencies with rigorous security protocols.”
The post Liminal Appointed By India’s CBI To Manage Seized Digital Assets appeared first on BitcoinWorld.