Bitcoin

Spot

<ul>
 <li>Midway through 2022, Liminal secured $4.7 million from investors.</li>
 <li>Liminal has previously assisted a CBI operation by forming a specialized team.</li>
</ul>
The Central Bureau of Investigation (CBI) of <a href="https://thenewscrypto.com/asci-adopts-changes-in-crypto-advertising-guidelines/" target="_blank" rel="noopener noreferrer nofollow">India</a> is said to have selected digital asset custodian Liminal to handle the administration of confiscated digital assets. Liminal has previously assisted a CBI operation by forming a specialized team that developed multi-signature and multi-party computation wallets for the secure storage of confiscated assets.
Information about the operation’s specifics was withheld. At least two people have been detained in connection with two separate cryptocurrency frauds that cost a total of at least $300 million and $120 million in India, respectively.
<h3 class="wp-block-heading" id="assisting-law-enforcement-agencies">Assisting Law Enforcement Agencies</h3>
The <a href="https://cbi.gov.in/" target="_blank" rel="noopener noreferrer nofollow">CBI</a> officials were quoted as saying that they valued Liminal’s assistance during the operation. In most cases, the CBI will not provide information about active investigations.
Moreover, midway through 2022, Liminal secured $4.7 million from investors including Elevation Capital and high-profile angels including Andreas Antonopoulos, Balaji Srinivasan, and <a href="https://ae.linkedin.com/in/sandeep-nailwal-60709a33" target="_blank" rel="noopener noreferrer nofollow">Sandeep Nailwal</a> as part of a seed fundraising round. Mahin Gupta, who also helped build the pioneering Indian cryptocurrency exchange ZebPay, created Liminal, which is headquartered in Singapore.
Manan Vora, Senior Vice President of Strategy and Business Operations at Liminal stated:
<blockquote class="wp-block-quote">
 “We consider our partnership with the CBI as a testament to our unwavering dedication to building a safe and regulated digital asset ecosystem in India. As experts in the field, we feel it’s our responsibility to assist law enforcement agencies with rigorous security protocols.”
</blockquote>
According to reports from Monday, eight more persons have been arrested in India as a $300 million cryptocurrency fraud that fooled over 100,000 individuals continues to unfold.
There were reportedly four police officers among the arrested. According to the findings of a Special Investigation Team (<a href="https://thenewscrypto.com/key-suspect-in-crypto-scam-in-india-arrested/" target="_blank" rel="noopener noreferrer nofollow">SIT</a>), the Himachal Pradesh scandal included around 1,000 police officers and 5,000 government employees.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/bitcoin-price-nears-37k-amidst-anticipation-of-spot-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Nears $37k Amidst Anticipation of Spot ETF Approval</a>

India’s CBI Selects Liminal for Securing Confiscated Digital Assets

目录

TheNewsCrypto

发布于 2023年11月9日的其他文章

RISC Zero, the Industry-Leading Developer of General Purpose Zero-Knowledge (ZK) Technology, Open...

Will PEPE Continue to Rise? Latest Trends and Analysis

Standard Chartered and SBI Dive Into Crypto With $100M Venture

Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Why Did Bitcoin Price Soar To $36,800?

U.S. policymakers introduce bill targeting China’s digital yuan

订阅我们免费的电子期刊，获取每日最新加密领域动态！