In a high-profile debacle that has shaken India's cryptocurrency ecosystem, WazirX, a prominent exchange, found itself at the center of controversy in July 2024 after suffering a major security breach. On July 18, over $230 million in cryptocurrency was siphoned from one of the exchange's multisignature wallets, sparking a chain reaction of finger-pointing and an exhaustive investigation.

Both WazirX and Liminal, the digital asset custodian with whom the breached wallet was jointly managed, quickly entered a public blame game, each accusing the other of responsibility for the attack. WazirX pointed to discrepancies in the data displayed on Liminal's platform, while Liminal suggested the breach was the result of compromised WazirX devices.

As pressure mounted, both companies turned to third-party forensic experts to investigate the root cause of the hack. Mandiant, a subsidiary of Google specializing in cybersecurity, cleared WazirX's systems, finding no evidence that the exchange's devices or infrastructure had been breached. Meanwhile, Grant Thornton's comprehensive audit of Liminal's systems also found no vulnerabilities that could have led to the breach.

In a report released today, Grant Thornton affirmed that Liminal's front-end, back-end, and user interface infrastructure remained uncompromised, providing Liminal with a clean chit from the forensic review.

Source: https://alexablockchain.com/liminal-receives-a-clean-chit-in-wazirx-hack/

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