CertiK, zkSync to launch compensation plan for $2M Merlin DEX exploit
The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty. Blockchain security firm CertiK is launching a compensation plan with Ethereum layer-2 scaling platform zkSync Era to cover the $2 million lost during a public sale of Decentralized Exchange Merlin’s MAGE token. In a statement to Cointelegraph on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation plan. It 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.” The Blockchain security company is urging the rogue developer to return 80% of the stolen funds, conceding 20% as a white hat bounty. The firm also pointed out that private key privileges are “committed to assisting impacted users” despite them being outside the scope of a s...