Analysis of Grant Thornton Audit on Liminal’s Infrastructure Security

Grant Thornton, the leading global auditor, conducted a thorough review of Liminal’s infrastructure in response to the hack that targeted WazirX’s systems on July 18. The audit led by Grant Thornton confirmed that Liminal’s systems were not compromised in the attack. This reaffirmation of security measures is crucial in maintaining trust and confidence in Liminal’s platform.

Assessment of Platform Vulnerabilities

The audit by Grant Thornton focused on assessing potential vulnerabilities within Liminal’s frontend, backend, and user interface. The findings of the audit provided assurance that the platform’s self-custody wallet services, where private keys are retained by clients, were not vulnerable to the breach. This assessment highlights the robust security measures in place to protect client assets and data.

Following the hack, Liminal conducted an internal investigation to analyze discrepancies in data payloads between its system and WazirX. The company emphasized its commitment to security and transparency by engaging independent auditors and providing regular updates to clients and users. This proactive approach demonstrates Liminal’s dedication to safeguarding user funds and maintaining trust in its platform.

Despite the clearance of Liminal’s systems in the audit, the company remains vigilant in enhancing its security measures as a precautionary step. By reinforcing security protocols and ensuring that all transactions in its self-custody wallets are initiated by clients, Liminal aims to minimize the risk of internal breaches. This proactive stance underscores the company’s proactive approach to cybersecurity.

The Grant Thornton audit on Liminal’s infrastructure security provides reassurance to clients and users about the platform’s robust security measures. The findings of the audit, coupled with Liminal’s commitment to transparency and continuous improvement, position the company as a secure and reliable option for self-custody wallet services. By investing in security initiatives and maintaining open communication with stakeholders, Liminal is poised to uphold its reputation as a trusted provider in the crypto industry.