The Importance of Security Measures in the Aftermath of a Breach

In light of the recent hack that targeted WazirX’s systems, Grant Thornton, a leading global auditor, conducted a thorough review of Liminal’s infrastructure to assess any potential vulnerabilities. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing reassurance that the platform’s self-custody wallet services remained secure throughout the incident.

Following the hack, Liminal launched its own internal investigation to identify any discrepancies in data payloads between its system and WazirX. The firm concluded that the breach likely occurred within WazirX’s infrastructure, emphasizing that its self-custody wallet infrastructure was not vulnerable to the type of attack that occurred. This highlights the importance of conducting thorough investigations to pinpoint the source of security breaches.

Liminal reaffirmed its commitment to security and transparency, promising to continue strengthening its security measures in response to the incident. The company’s emphasis on providing updates to clients and users demonstrates a proactive approach to maintaining trust and credibility in the wake of security breaches.

While Liminal’s systems were cleared in the Grant Thornton audit, the company announced its decision to reinforce security measures as a precautionary step. By ensuring that all transactions in its self-custody wallets are initiated by clients, Liminal aims to further reduce the risk of internal breaches and safeguard customer assets.

The recent audit and internal investigation conducted by Liminal underscore the importance of implementing robust security measures in the aftermath of a breach. By prioritizing security and transparency, companies can enhance trust among clients and users, ultimately strengthening their resilience against potential threats. It is crucial for organizations to remain vigilant, continuously evaluate their infrastructure, and proactively address vulnerabilities to protect sensitive data and assets. Through ongoing efforts to fortify security measures, companies like Liminal can mitigate risks and uphold their commitment to safeguarding customer interests.