The security firm CertiK is planning to launch a compensation plan to return the funds stolen in the $2 million Merlin DEX exploit.
CertiK Working To Recover Stolen Funds
The blockchain security company has jumped in to help the Merlin decentralized exchange in its dire situation. The latter lost around $2 million during a public sale of its MAGE token, despite being audited by the smart-contract auditor, CertiK. To help recover a portion of the lost funds, CertiK is launching a compensation plan.
The security firm has revealed that it is investigating the scam and has even worked with some members of the Merlin team to launch the compensation program.
On April 26th, CertiK said,
“Initial investigations indicate that the rogue developers are based in Europe, and CertiK will collaborate with law enforcement authorities to track them down if direct negotiation is unsuccessful.”
USDC Stolen During Public Sale
The decentralized exchange was conducting a three-day public sale of
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