CertiK to Host AMA for Shiba Inu After Security Score Downgrade
CertiK, a blockchain security platform, has announced an AMA session for Shiba Inu, a canine-themed cryptocurrency, following reports of its security score downgrade. The session, titled “Shibarium Layer 2, Tokenomics, Security, and More,” is scheduled for today at 1 PM (UTC) and will take place on the official CertiK Discord channel. During the AMA, CertiK intends to share significant updates regarding Shiba Inu, including its current security status. The Shiba Inu community has shown enthusiasm toward the upcoming AMA, hoping to gain valuable insights and clarification regarding the factors that led to Shiba Inu’s downgrade from its esteemed AAA status.
DeFi protocol in $3m scam was ‘Certik audited’
Decentralized exchange Swaprum on Arbitrum blockchain lost $3 million in a theft by its developers, who laundered the funds through privacy protocol Tornado Cash. The protocol was audited by CertiK, which has recently been criticized for failing to identify potential rug-pull risks. Smart contract auditing alone does not mitigate such risks and the industry needs an infrastructure layer that consolidates all relevant security information on every project, said Dyma Budorin, CEO of blockchain security firm Hacken. Swaprum is the latest in a series of Certik-audited protocols to lose funds due to critical vulnerabilities.
Scammers Target PEPE Memecoin as Hype Intensifies
As the popularity of the PEPE memecoin grows, scammers have started to take advantage of the hype, resulting in multiple scam attempts in the crypto space. PeckShield, a blockchain security firm, has reported at least ten meme coin scams created in the last three days alone, with scam tokens having their liquidity removed and investors being scammed.
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.
Internal Rug Pull Confirmed in Merlin DEX Incident, CertiK Recovers $160K of Stolen Funds
Merlin DEX had recently undergone a CertiK audit and launched a public sale on April 24.
CertiK Freezes $160K From Stolen Merlin DEX Funds
Blockchain security firm CertiK has frozen $160,000 worth of digital assets that were stolen from the decentralized exchange (DEX) Merlin. The stolen funds were reportedly transferred to a wallet that was identified as a high-risk address by CertiK's security protocols, triggering an automatic freeze of the assets.
Over $100 Million Worth of Crypto Lost in April due to Hacks and Exploits: CertiK
According to the blockchain and smart contract security firm Certified Kernel Tech (better known as CertiK), crypto-related exploits, hacks, and scams in April resulted in losses worth $103 million.
DEX Merlin and CertiK Plan to Compensate $2M to Users Impacted in Rugpull
Merlin, a decentralized exchange based on zkSync, plans to compensate users impacted in a nearly $2 million rugpull with blockchain audit firm CertiK. A rug pull is a type of exit scam in which the perpetrators create a new token, launch a liquidity pool for it, and pair it with a base token. Merlin was exploited for over $1.8 million on Wednesday during a public sale of its mage (MAGE) tokens. The attack was conducted by a rogue developer who held private keys to Merlin’s smart contracts, allowing them to withdraw all liquidity from the protocol. CertiK is investigating and plans to initiate a compensation plan to cover the lost funds for affected users, and will collaborate with law enforcement authorities to track down the rogue developers if direct negotiation is unsuccessful.
CertiK Considers $2M Reimburse for Merlin DEX Rug Pull Victims, Offers 20% Bounty to Rogue Developers
CertiK is offering a 20% white hat bounty to the rogue developers, hoping that they will return some of the stolen funds.
CertiK Offers Merlin DEX Rogue Developers 20% White Hat Bounty
Smart contract auditor CertiK has offered Merlin DEX rogue developers a white hat bounty of 20%.
