zkSync DEX Merlin has fallen victim to a security breach resulting in the loss of over $1.82 million worth of stolen funds. This incident has raised serious concerns about the security and reliability of the zkSync project and its ecosystem.
The zkSync DEX Merlin, which had recently undergone an audit by security firm Certik, was expected to be a safe and secure platform for investors to trade cryptocurrencies. However, shortly after the completion of the audit and the launch of the public sale, the platform was hacked and funds were stolen.
zkSync DEX Merlin which got Certik Audit was hacked, more than $1.82 million in stolen funds, LP has been drained. Recently, the zkSync project has mixed quality. please check carefully. https://t.co/wEYOPXMwMZ
— Wu Blockchain (@WuBlockchain) April 26, 2023
According to reports, the hacker was able to drain the liquidity pool, resulting in the loss of funds for investors. The incident has been confirmed by the Merlin team in a Medium post, where they stated that the security breach had occurred despite the project’s “best efforts to ensure the safety and security of users’ funds.”
The Merlin team has assured users that they are investigating the incident and working with security experts to determine the cause of the breach. They have also stated that the Core Farming Pools and public sale will only be launched after a thorough audit by Certik to reassure investors.
The security breach has also raised questions about the quality of the zkSync project, with some investors expressing concern about the security of other platforms built on this technology. The incident has highlighted the need for rigorous security measures and regular audits to ensure the safety of investors’ funds.
In conclusion, the security breach at zkSync DEX Merlin has resulted in the loss of over $1.82 million worth of funds, and has raised serious concerns about the security and reliability of the zkSync project. It remains to be seen how this incident will impact the broader cryptocurrency market, but it serves as a stark reminder of the importance of security in the crypto space.
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