Global auditing firm Grant Thornton has validated the integrity of Liminal’s system after a detailed evaluation triggered by the WazirX cyber attack on July 18.
The breach targeting WazirX’s infrastructure initiated an internal probe by Liminal, alongside the hiring of independent auditors to uncover any potential weaknesses within its platform. As a result, Liminal confirmed that its systems remained untouched by the hack.
Liminal Receives Clearance
The audit conducted by Grant Thornton, part of Liminal’s expansive investigation into the incident, revealed no signs of breach in its frontend, backend, or user interface (UI).
Liminal, which specializes in offering self-custody wallet services, ensures that private keys are retained by clients, and has been reported free of any weaknesses related to the hack. This independent audit further substantiated the security of Liminal’s systems during an event that resulted in over $235 million in losses.
Following the hack, Liminal swiftly initiated its own investigation, closely examining inconsistencies in data exchanges between its own system and that of WazirX.
According to Liminal, its self-custody architecture—which allows clients to retain control of their private keys and transaction initiation—was not at risk from the type of cyber assault that affected WazirX.
Moreover, Liminal’s findings indicate that the breach seems to have originated within WazirX’s own systems. Discrepancies in data payloads strongly suggest that external factors may have contributed to the security incident. WazirX had earlier speculated that the vulnerability might have stemmed from Liminal’s infrastructure.
Future Measures
Liminal reiterated its dedication to ensuring security and transparency, pledging to persist in its investigation and keep clients and users informed as more details emerge.
The company stated:
“Our focus on security and transparency is unwavering, and we are further strengthening our security measures in light of this incident.”
Despite having cleared its systems during the audit, Liminal is proactively enhancing its security protocols. Additionally, all transactions in its self-custody wallets are executed by clients, further mitigating the risk of potential internal breaches.
