Liminal’s Press Release Clears Its Infrastructure
In a detailed response aimed at clarifying its position, Liminal Custody engaged the services of Grant Thornton, a globally recognized auditing firm. The audit meticulously examined Liminal's infrastructure, leading to conclusive findings that absolved its systems of any fault concerning the hack. “Grant Thornton… concluded that there was no evidence that the attack originated on Liminal’s Web Application,” stated the press release shared with Cryptonews. This clarification put a significant emphasis on the security measures in place at Liminal, suggesting that their systems were unlikely the breach point.
The audit further reinforced Liminal's stance on the non-compromise of its systems, including both the front and backend along with the user interface (UI). Another notable highlight from the audit was on the operational functionality of Liminal’s self-custody wallet infrastructure, which underscores a decentralized approach to key management, presumably enhancing security by distributing the possession of private keys amongst its clientele, including WazirX.
If Not WazirX or Liminal, Then Who?
The assertions from both parties that their systems remained uncompromised throughout this debacle raise pressing questions about the true origin of the breach. Among the theories circulating within the community and among the hack's victims is the possibility of internal malfeasance—an inside job at WazirX, or perhaps, a collusive effort bridging individuals across both firms. This speculation draws from historical alliances between key figures from both companies, hinting at a complex network that could potentially facilitate such an incident.
The prior association between the founders of WazirX and Liminal with Pi42, an entirely separate venture, is particularly intriguing. The recent purging of information linking these individuals on the Pi42 website only compounds the mystery, fuelling further speculation about the relationships and dynamics at play. These intertwined narratives underscore the challenges in pinpointing responsibility for the hack, leaving much of the public and stakeholders in suspense.
Despite the ongoing public dialogue and the release of statements from both WazirX and Liminal Custody, the absence of full transparency regarding the audits' findings and methodologies keeps the actual breach's origin shrouded in uncertainty. This opacity does little to quench the thirst for answers among those affected. The path to restoring faith in these platforms lies through wholescale disclosure and clear accountability, attributes currently missing from this unfolding saga. As it stands, the discourse is muddied with conjecture and unverified assertions, awaiting a conclusive revelation to illuminate the circumstances of this considerable security failure.
Indeed, the unfolding dispute between WazirX and Liminal Custody serves as a stark reminder of the vulnerabilities inherent in the digital asset space and the critical need for robust security measures. As the industry continues to grapple with these challenges, the importance of transparency, thorough audits, and clear communication with stakeholders has never been more evident. Only through a commitment to these principles can trust be restored and the security of digital assets be assured for all participants in the crypto ecosystem.
