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CertiK Considers $2M Reimburse for Merlin DEX Rug Pull Victims, Offers 20% Bounty to Rogue Developers

Cointime Official

April 27 (Cointime) - CertiK, a blockchain security firm, is considering a community compensation plan to reimburse approximately $2 million worth of user funds lost in a rug pull on the Merlin decentralized exchange (DEX). 

Yesterday, Cointime reported that Merlin experienced a liquidity drain, with $1,823,477 having been stolen and transferred to two Ethereum addresses.  Merlin had recently undergone a CertiK audit and launched a public sale on April 24.

"Initial investigations indicate that the rogue developers are based in Europe, and we are working with law enforcement to track them down." CertiK wrote in a tweet.

In addition, CertiK is offering a 20% white hat bounty to the rogue developers, hoping that they will cooperate with the investigation and return some of the stolen funds.

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