In a decisive move, WazirX is severing its custodial relationship with Liminal Custody after enduring a devastating breach last month, which saw an alarming $230 million in customer assets vanish. The Indian cryptocurrency exchange disclosed this shift in a recent X post.

Following the exploit, which resulted in the disappearance of 45% of the exchange’s total customer funds, a contentious blame game unfolded between Liminal and WazirX, obscuring the situation for users concerned about the security of their assets.

WazirX announced, “We are in the process of transferring the remaining assets held with Liminal to new multisig wallets. This precautionary measure is vital to ensure the utmost security of our assets in light of the recent breach. Although we believe our systems and interface remain secure, we cannot say the same for the custodian’s interface following the incident on July 18, necessitating this precaution.”

Read more: WazirX Faces Backlash Following Controversial Recovery Poll Post $230M Hack

In response, Liminal asserted its cooperation in the transition. A spokesperson from Liminal remarked via WhatsApp, “The client had the option to withdraw the funds immediately after the incident. They have always had complete control over the wallets, regardless of Liminal’s involvement. We have supported and will continue to support the client in relocating their wallets and assets as requested.”

The breach has sparked significant criticism from WazirX’s customers, who have voiced frustrations over the inability to withdraw their funds and a perceived lack of transparency. Co-founder Nischal Shetty has appealed to customers for patience as the exchange works through these challenges.

WazirX emphasized the meticulous nature of the asset migration, stating, “We are exercising extreme caution in the transfer process to prevent further breaches. For the sake of transparency, we will disclose the list of all new wallets upon completion of the migration.”

The exchange’s proactive measures aim to restore confidence and safeguard against future security threats as they navigate this complex transition.