Summary of Bitcoin, web3, Ethereum, and cryptocurrency:
- An audit by Grant Thornton found no evidence of Liminal Custody’s involvement in the $230 million WazirX hack.
- WazirX moved its assets to new multi-signature wallets after the breach.
- Liminal Custody’s infrastructure was deemed secure by Grant Thornton.
- WazirX faced backlash over a proposed socialized loss strategy following the hack.
Liminal Custody Audit Results:
An independent audit by Grant Thornton confirmed that Liminal Custody was not the main source of the $230 million WazirX hack, stating that the breach likely originated from outside Liminal’s infrastructure. The company’s frontend and backend systems were found to be secure, with no compromise or vulnerabilities affecting transaction workflows.
Discrepancies and Next Steps:
Liminal Custody reported that discrepancies in data payloads suggested potential sources for the breach within the client’s infrastructure or the custodian’s frontend systems. The company is awaiting a comprehensive review from auditors to address these concerns. Liminal’s multi-signature wallet model ensures client keys remain in customers’ possession, with transactions originating from the client end to enhance security.
