Blockchain security firm CertiK says it has successfully frozen $1.8 million to $160,000 stolen by rogue developers of Merlin DEX.
Twitter on May 4th threadCertiK reiterated that Merlin was yanked by an insider.
CertiK said this lack of cooperation affected its efforts to help victims of the exploit. However, it says it is working with law enforcement to catch the hackers.
A smart contract auditor added that it has put $2 million into the fight against exit fraud.
On April 25th, a zkSync-based decentralized exchange was exploited just days after its launch. At the time, CertiK noted in its audit that the project had “centralization risks.”
In a recent statement, CertiK admitted that it did not do enough to properly highlight this risk. it wrote:
“While the report pointed out the risks of centralization, the impact of these findings was not as clear as it should have been. had to be emphasized.”
To prevent a recurrence, it says it “prioritizes concentration risks in audit summaries so users have a complete picture of potential risks.”
The post where CertiK freezes $160,000 from stolen Merlin DEX funds first appeared on CryptoSlate.
