Enhancing Security Measures: Liminal’s Response to WazirX Hack

In response to the hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure. The incident prompted Liminal to launch an internal investigation and engage independent auditors to assess potential vulnerabilities within its own platform. Despite the losses of over $235 million, the firm confirmed that its systems were not compromised in the hack.

The Grant Thornton audit, part of Liminal’s broader investigation into the incident, found no evidence of compromise in its frontend, backend, or user interface (UI). The platform, which offers self-custody wallet services where private keys remain with clients, was cleared of any vulnerabilities related to the breach. The third-party audit provided further assurance that Liminal’s systems remained secure throughout the incident.

Liminal had launched its own internal investigation immediately after the hack, focusing on discrepancies in data payloads between its system and WazirX. The firm’s self-custody wallet infrastructure, designed to ensure that private keys and transaction initiations remain with the client, was found to be not vulnerable to the type of attack that occurred at WazirX. Liminal’s findings suggest that the breach likely occurred within WazirX’s infrastructure.

Despite being cleared in the audit, Liminal emphasized its commitment to security and transparency. The company promised to continue its investigation and provide updates to clients and users as more information becomes available. Liminal stated: “Our focus on security and transparency is unwavering, and we are further strengthening our security measures in light of this incident.”

While Liminal’s systems were cleared in the audit, the company announced that it is reinforcing its security measures as a precautionary step. It also highlighted that all transactions in its self-custody wallets are initiated by clients, further reducing the risk of internal breaches.

Liminal’s swift response to the WazirX hack demonstrates its commitment to maintaining the security and integrity of its platform. By engaging in thorough internal investigations and third-party audits, the company is taking proactive steps to ensure that its systems remain secure and that client assets are protected. Moving forward, Liminal is focused on enhancing its security measures and providing transparent communication to its users, solidifying its position as a trusted player in the cryptocurrency space.