Liminal has assisted the CBI in the past by providing a team of experts to help safeguard confiscated property.
According to Liminal, the Central Bureau of Investigation (CBI), the top investigative police agency in India, has hired the business to handle confiscated digital assets.
Liminal has already helped a CBI operation by putting together a team of experts who developed multi-sig and multi-party computation wallets to securely store confiscated funds. No information about the operation was released. At least two people have been detained in connection with two separate massive cryptocurrency frauds in India over the last several years, one involving $300 million and the other involving $120 million.
In the statement, CBI personnel were quoted as saying how much they appreciated Liminal’s help during the operation, although the CBI did not immediately react to CoinDesk’s request for comment. In most cases, the CBI will not provide information about active investigations.
In the middle of 2022, Elevation Capital and prominent angel investors including Andreas Antonopoulos, Balaji Srinivasan, and Sandeep Nailwal contributed to Liminal’s $4.7 million initial fundraising round.
Mahin Gupta, who also helped build the pioneering Indian cryptocurrency exchange ZebPay, created Liminal. They have their headquarters in Singapore.
Liminal’s vp of strategy and business operations, Manan Vora, said the company’s engagement with the CBI proved the company’s commitment to creating a secure, regulated environment for digital assets in India.
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