A few days ago, smart contract auditing firm CertiK played a crucial role in the $1.8 million rug pull affair by Merlin, a decentralised exchange developed on the zkSync network. After Merlin pulled the rug on its users, the blockchain cybersecurity firm managed to recover $160,000 with the help of several business partners. Let’s take a look at the details of this interesting story. CertiK and the DEX Merlin Rug Pull On 24 April, zkSync-based DEX Merlin announced that its back-end team had fraudulently robbed its users of their assets by emptying the decentralised protocol’s liquidity pools of $1.8 million.
Smart contract security audit-focused CertiK has announced that it has frozen $160,000 withdrawn from the Merlin decentralized exchange as a result of an exploit. We have successfully frozen $160K of the stolen funds with the help of partners. We will continue to monitor the movement of all stolen funds in…
Polyhedra Network, a well-known platform developing infrastructure for privacy, scalability, and interoperability in Web3, has an exclusive proposal. The new proposal of Polyhedra targets its integration with Merlin Chain through zkBridge. The platform took to its official X account to provide details of this endeavor. 🚀 The third zkBridge Network…
Merlin Chain, a well-known Bitcoin-anchored L2 network for smart-contract capability, has announced a robust mainnet upgrade. The purpose of this exclusive mainnet upgrade is to improve Merlin Chain’s ZK verification. As Merlin Chain revealed in its official X post, the development will target the advancement of Zero-Knowledge (ZK) verification structure,…