WazirX Hack: Liminal's Platform Not Responsible for $230 Mn Exploit

WazirX Hack Investigation Unfolds

B2C exchanges are under serious scrutiny as Liminal claims innocence regarding the $230 Mn exploit linked to WazirX. Hired forensic specialists from Grant Thornton conducted an extensive audit of Liminal's infrastructure, including both frontend and backend systems. The results indicated a 'mismatch' between the data provided and that received from WazirX’s systems. This discrepancy raises questions about where the real compromise occurred.

Liminal's Findings

Despite the findings of a potential compromise, Liminal's report found no evidence of any vulnerabilities within its transaction workflow. They reinforced that their self-custody wallet infrastructure only initiates transactions from client-end applications, asserting that they cannot initiate transactions themselves.

The Back-and-Forth Between WazirX and Liminal

This back-and-forth blame game has left users and investors anxious. A prior statement from WazirX indicated concerns about a 'discrepancy' in the data being displayed, further complicating the narrative around responsibility for this high-profile hack. Recent action by WazirX to sever ties with Liminal only adds to the uncertainty, amidst ongoing investigations and looming legal ramifications.

Current Developments

• WazirX is restructuring and seeking financial support after the hack.
• Liminal continues to assert their innocence as investigations by Mandiant remain inconclusive.
• CoinSwitch has threatened legal action against WazirX to reclaim lost funds.