🔒 Audit Clears Liminal Custody of Responsibility in $230M WazirX Hack

➡️ In a surprising turn of events, an independent audit has absolved Liminal Custody of any involvement in the $230 million hack that rocked the WazirX exchange back in July 2024.

🔍 Initially, fingers were pointed at Liminal's interface, but the audit conducted by Grant Thornton has now revealed that the breach occurred outside of Liminal's secure system.

💼 Liminal Custody, a Singapore-based crypto custodian, is breathing a sigh of relief as the investigation found no evidence of compromised systems in their frontend and backend infrastructure.

🔐 The company's robust security measures, including its multi-signature wallet model, were highlighted as key factors in safeguarding client funds. Transactions are initiated by clients themselves, suggesting the breach may have originated from the client's end.

🟠 While this news is certainly a win for Liminal Custody, it's important to note that a more comprehensive review is still required to fully understand how this breach occurred.

📌 In the aftermath of the hack, tensions ran high between WazirX and Liminal Custody, with each party questioning the other's security practices and audit veracity. This audit result may help mend some fences.