- CertiK audited MerlinDEX, which later suffered a $2 million exit scam.
- The firm denied responsibility but claims it is working on an aid fund for victims.
- The incident generated outrage, with some users questioning CertiK’s credibility.
Crypto projects are rife with scams and hacks. To protect themselves, investors are looking to smart contract auditing firms to vet the contracts and ensure their safety.
Unfortunately, as MerlinDEX token holders found out, smart contract audits do not guarantee their funds are safe.
CertiK, a blockchain security firm, is facing backlash after a project it audited suffered an exploit, resulting in almost $2 million in losses.
The auditing firm denied responsibility for the lost funds in MerlinDEX. However, following an immense backlash, CertiK said it is investigating the case and exploring a plan to compensate the victims.
