In response to the recent hack on WazirX’s systems, Liminal took proactive measures to confirm the security of its infrastructure. Grant Thornton, a leading global auditor, conducted a comprehensive review to assess potential vulnerabilities within Liminal’s platform. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing peace of mind to users of the platform.
Self-Custody Wallet Services
Liminal’s platform offers self-custody wallet services where private keys remain with clients. This unique approach to security ensures that clients have control over their own assets and reduces the risk of external breaches. The third-party audit reaffirmed the security of Liminal’s systems, highlighting the effectiveness of the self-custody wallet infrastructure in safeguarding client assets.
Following the hack at WazirX, Liminal launched its own internal investigation to identify any potential vulnerabilities within its platform. The company emphasized its commitment to security and transparency, promising to provide updates to clients and users as more information becomes available. By prioritizing security and transparency, Liminal aims to build trust and credibility among its user base.
Preventative Security Measures
Despite the audit clearing Liminal’s systems of any compromise, the company recognized the importance of reinforcing its security measures as a precautionary step. All transactions in the self-custody wallets are initiated by clients, further reducing the risk of internal breaches. This proactive approach to security demonstrates Liminal’s dedication to protecting client assets and maintaining the integrity of its platform.
In light of the recent incident, Liminal is actively working to enhance its security measures and strengthen its infrastructure. The company’s unwavering focus on security and transparency underscores its ongoing commitment to safeguarding client assets and maintaining a secure platform. By learning from past vulnerabilities and actively improving security measures, Liminal is positioning itself as a trusted and reliable partner in the cryptocurrency space.
Security audits play a crucial role in ensuring the integrity of cryptocurrency platforms. By conducting thorough reviews and engaging independent auditors, companies like Liminal can identify and address potential vulnerabilities before they are exploited. This proactive approach to security not only protects client assets but also enhances trust and credibility within the industry. As the cryptocurrency landscape continues to evolve, the importance of robust security measures cannot be overstated.
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