Liminal Collaborates with Himachal Police to Prevent Cryptocurrency Fraud

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The partnership between Liminal Custody Solutions and Himachal Police highlights the growing importance of public-private collaboration in tackling cryptocurrency-related crimes. Their joint efforts demonstrate the pivotal role trusted custodians can play in enhancing security and compliance, and ultimately strengthening the digital asset landscape..

Liminal is collaborating with the Himachal Police on a major operation targeting multi-million dollar cryptocurrency fraud.

In a significant development that highlights the critical role of secure digital asset storage services, Temporary Storage Solutions Collaborated with Himachal Police on a major operation targeting multi-million dollar cryptocurrency fraud. Liminal’s participation highlights the growing demand for compliant wallet solutions as law enforcement agencies need to protect seized digital assets.

Faced with an urgent need to seize assets related to a cryptocurrency fraud case, Himachal Police contacted Liminal Custody Solutions in late September. A Special Investigation Team (SIT) under the leadership of Abhishek Dular, DIG (Northern Range Dharamshala) was immediately constituted on September 26 to lead the investigation. Liminal Custody Solutions, a trusted digital asset management company, has quickly become an official partner of Himachal Police.

This collaboration was multidimensional and required the dedicated involvement of the entire Liminal team. Their efforts included facilitating asset transfers, boarding officers, creating segregated wallets, and navigating the complexities of handling illicit cryptocurrency assets held by perpetrators.

Mr. Abhishek Dular praised Liminal’s contribution and said: “It has been an extraordinary experience working with Liminal Custody Solutions during these high-pressure operational times. Our unwavering commitment to supporting law enforcement, strict internal controls over seized digital assets, and secure wallet solutions have played a critical role in our success. Liminal’s commitment to going the extra mile while ensuring the safety and integrity of seized assets was evident throughout the process.”

Manan Vora, Liminal’s Senior Vice President of Strategy and Business Operations, reaffirmed the company’s commitment to creating a secure and well-regulated digital asset environment in India.

He said, “Our collaboration with Himachal Police highlights our firm commitment to building a secure and regulated digital asset ecosystem in India. Recognizing the complex nature of this emerging area, we take on the important responsibility of guiding and supporting law enforcement every step of the way while maintaining the most stringent security protocols. This is just the beginning of our involvement in law enforcement activities and we eagerly look forward to expanding our portfolio to further enhance digital asset security and accessibility across India.”

last month, Liminal has been appointed by other investigative agencies in India. We securely manage seized digital assets in a non-custodial manner.

Liminal Custody Solutions has long been committed to maintaining the highest standards of digital asset security, and our collaboration with Himachal Police demonstrates our commitment to this mission. As the digital asset landscape continues to evolve, the role of trusted custodians like Liminal becomes increasingly important in ensuring the security and accessibility of digital assets, especially when relevant to law enforcement.

This successful collaboration is a notable example of how the public and private sectors can work together to combat cryptocurrency-related crime and highlights the growing importance of secure storage solutions in the evolving cryptocurrency and blockchain technology landscape.

Also Read: Liminal Receives In-Principle Approval for Cryptocurrency Storage in Abu Dhabi