Liminal Custody has issued a statement addressing the ongoing controversy surrounding the recent security breach at Wazirx. Despite Wazirx blaming Liminal for the breach, Liminal pointed out that the exchange continued to utilize its infrastructure for managing user funds. This raises questions about Wazirx's accountability in handling security matters.
Moreover, Liminal stressed it had no direct control over the compromised wallets, indicating that the root of the issue might lie within Wazirx's own security protocols. The incident highlights the need for exchanges to critically evaluate their security frameworks to prevent future breaches.
Liminal has criticized Wazirx for not adopting essential security measures, suggesting that the incident was preventable with more stringent security practices. This situation underscores the complexities inherent in managing custodial services amidst increasing cybersecurity threats in the crypto industry.
