Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure to confirm its security following the hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing assurance that the platform’s systems remained secure throughout the incident. This reaffirmation showcases the importance of regular security audits in the cryptocurrency industry to detect and prevent potential vulnerabilities.
In response to the hack on WazirX, Liminal launched an internal investigation and engaged independent auditors to assess its own platform for vulnerabilities. The findings of the audit cleared Liminal’s self-custody wallet services of any vulnerabilities related to the breach. This proactive approach highlights the company’s commitment to security and transparency, ensuring that client assets are protected from external threats.
Despite the audit confirming the security of Liminal’s systems, the company is reinforcing its security measures as a precautionary step. All transactions in its self-custody wallets are initiated by clients, further reducing the risk of internal breaches. By prioritizing security and implementing preventative measures, Liminal is taking proactive steps to safeguard the assets and data of its clients.
Liminal has emphasized its unwavering focus on security and transparency, pledging to continue its investigation and provide updates to clients and users as more information becomes available. The company’s proactive response to the incident demonstrates its dedication to maintaining a secure and trustworthy platform for cryptocurrency transactions. This commitment to security and transparency is essential in building user trust and confidence in the cryptocurrency industry.
The hack on WazirX and the subsequent security audit of Liminal’s systems highlight the importance of continuous monitoring and assessment of cybersecurity measures in the cryptocurrency industry. Security audits play a crucial role in identifying vulnerabilities and weaknesses that could potentially compromise the integrity of platforms and expose clients to financial losses. By learning from incidents like these and implementing robust security measures, companies can strengthen their defenses against cyber threats and enhance the security of their systems.
The recent security audit conducted by Grant Thornton on Liminal’s infrastructure serves as a reminder of the importance of security in the cryptocurrency industry. Proactive measures, regular audits, and a commitment to security and transparency are essential for protecting client assets and maintaining trust in the rapidly evolving world of cryptocurrency. By prioritizing security and taking decisive action to address vulnerabilities, companies can safeguard their platforms and uphold the integrity of the industry as a whole.