Merlin disclosed that the exploit was a rug pull by a few disgruntled developers.
CertiK has extended a 20% white hat reward to the developers.
CertiK, a blockchain security company, and Merlin, a decentralized exchange (DEX) powered by zkSync, are collaborating on a proposal to compensate consumers whose funds were stolen in a recent hack.
On Thursday, Merlin disclosed that the incident—widely interpreted as an exploit—was actually a rug pull. It was done by a few disgruntled developers on the company’s back end who cheated the system by altering the protocol’s code.
Dangers of Centralization
It’s worth noting that the Merlin liquidity pool was depleted on Wednesday. That too only hours after CertiK completed its examination of the protocol’s code. When the hack was carried out, the DEX was offering its native token, MAGE, to the general public for the first time.
Earlier reports indicated that CertiK’s investigation into the incident pointed to a problem with private ke
We współpracy z: https://thenewscrypto.com/dex-merlin-and-certik-working-on-reimbursement-plan-post-exploit/
