CertiK Blocks $160,000 Stolen from Decentralized Exchange Merlin

CertiK has frozen $160,000 of the funds taken from the Merlin decentralized exchange due to an exploit.

Representatives from CertiK stated that they are continuing to monitor the stolen funds in order to freeze and return the rest.

On April 26, the platform’s main liquidity pools were drained by several members of the technical team, who were taking part in a rug-pull scheme.

CertiK has confirmed the developers’ involvement and has reached out to US and UK law enforcement agencies to help with the investigation.

The Merlin team and CertiK have also proposed a compensation plan, while offering the alleged scammers a reward of 20% of the withdrawn funds if they agree to return the remaining balance.