CertiK Freezes Stolen $160K Funds in Merlin Rug Pull

Smart contract auditor CertiK claims to have prevented the theft of $160,000 during the 'rug pull' incident at Merlin DEX last week, in which users suffered losses of $1.8 million due to an insider fraud. CertiK updated its 257,700 Twitter followers that it had frozen the stolen funds and had tried to work with Merlin to resolve the issue, to no avail. CertiK then contacted US and UK agencies to find out who was behind the incident. CertiK has launched a $2 million compensation program to cover the lost funds due to this "exit scam."