1. Grant Thornton Audit Results
2. No Vulnerabilities in Liminal Custody
3. Reaction and Consequences for WazirX

An audit conducted by Grant Thornton has revealed that the infrastructure of Liminal Custody was not involved in the $230 million hack of WazirX.

Grant Thornton Audit Results

Grant Thornton's audit determined that Singapore-based crypto custodian Liminal Custody was not the primary source of the $230 million hack targeting WazirX. According to the company, the breach originated 'outside of Liminal's infrastructure.'

No Vulnerabilities in Liminal Custody

The breach in July allowed attackers to steal more than $230 million in cryptocurrencies. WazirX, which has since moved its assets to new multi-signature wallets, initially pointed out discrepancies between Liminal's interface and transaction data. However, the audit by Grant Thornton found no evidence of compromise in Liminal's infrastructure.

Reaction and Consequences for WazirX

Following the exploit, WazirX tried to institute a 'socialized loss strategy,' which would have seen users access 55% of their funds, with the remaining 45% held by the exchange in Tether (USDT) equivalent tokens. However, the proposal was met with widespread outrage, leading WazirX to backtrack on the plan, asking for more time to work on a resolution.

The Grant Thornton audit confirmed that the infrastructure of Liminal Custody was not compromised in the WazirX incident, highlighting external factors as the potential source of the breach.