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Update on Merlin DEX Incident: Insiders' Internal Rug Pull Results in $1.8M Loss for Users

May 5 (Cointime) - CertiK has provided an update on the Merlin DEX incident that occurred on April 25th. The incident involved an internal rug pull by Merlin insiders, who took $1.8M of their users' funds by abusing the owner's wallet privileges.  

So far, $160K of the stolen funds have been frozen with the help of partners, and the company will continue to monitor the movement of all stolen funds in an attempt to freeze and recover the remaining amount.    

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