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CertiK's Update on the Merlin DEX Rugpull

ID: 96a626ed-3659-5145-a7d4-1c76488f7fc9

STIX ID: report--96a626ed-3659-5145-a7d4-1c76488f7fc9

Feed Name: CertiK Blog

Threat Score
50/100

Date Published: 2023-05-04

Date Updated: 2026-06-11

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**Executive Summary:** The Merlin DEX experienced an internal rugpull by team insiders who abused the owner wallet private key to steal user funds; CertiK and partners have frozen $160K of stolen assets, law enforcement in the US and UK have been engaged, and the team is exploring victim aid options while improving audit transparency and communications.

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