June 16, 2024

Hackers withdrew $1.82 million from the decentralized exchange Merlin

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Hackers withdrew $1.82 million from the decentralized exchange Merlin

Hackers managed to hack the recently launched decentralized exchange Merlin on the zkSync solution. As a result of the hack, the attackers were able to withdraw assets worth $1.82 million.

After the hack, the hackers transferred funds to USDC andtransferred them from the zkSync network to the Ethereum main network. Representatives of the cryptocurrency community asked Circle, the company behind the USDC stablecoin, to freeze the stolen funds.

Interestingly, the audit of exchange smart contractsMerlin was carried out by Certik, but it seems that specialists were unable to detect the vulnerability. However, the fact that funds were withdrawn from the exchange’s liquidity pools indicates a vulnerability in the smart contract code. 

Certik has previously conducted audits of projects that were later hacked. These include PancakeBunny, Uranium Finance and Meerkat Finance.

The Merlin exchange was launched only a few timesdays ago and attracted the attention of the entire cryptocurrency community, as it was deployed on the zkSync second-layer solution for the Ethereum network. The management of the site even managed to conclude several partnership agreements. In addition, the Merlin exchange is currently conducting a public sale of MAGE tokens.

Recently it was reported that the Bitrue cryptocurrency exchange was hacked. Hackers managed to withdraw assets worth $23 million.