Grant Thornton, a leading global auditor, recently conducted a thorough review of Liminal’s infrastructure after the hack on WazirX’s systems. This prompted Liminal to engage independent auditors to assess the security of its own platform. The audit reaffirmed that there were no compromises in Liminal’s systems during the incident.
Assessment of Vulnerabilities
The audit conducted by Grant Thornton found no evidence of compromise in Liminal’s frontend, backend, or user interface (UI). The platform, which provides self-custody wallet services where private keys are held by clients, was deemed secure and free from vulnerabilities related to the breach. This audit provided additional assurance that Liminal’s systems remained unaffected during the incident that resulted in losses of over $235 million.
Following the hack, Liminal launched its own internal investigation to analyze any discrepancies in data payloads between its system and WazirX. The findings indicated that the breach likely occurred within WazirX’s infrastructure, rather than within Liminal’s infrastructure as previously claimed by the exchange. Liminal emphasized its commitment to security and transparency, promising to continue enhancing security measures and provide updates to clients and users.
Despite being cleared in the audit, Liminal is taking additional steps to reinforce its security measures as a precautionary measure. The company highlights that all transactions in its self-custody wallets are initiated by clients, reducing the risk of internal breaches. Liminal’s focus on security and transparency remains steadfast, and it is dedicated to strengthening security measures further in response to the incident.
The audit conducted by Grant Thornton has confirmed the security of Liminal’s infrastructure and provided assurance to clients and users that the platform remains secure. By conducting a comprehensive review and internal investigation, Liminal has demonstrated its commitment to maintaining the security and integrity of its systems. The company’s emphasis on security and transparency will continue to guide its efforts to enhance security measures and prevent future incidents.