Merlin Labs - REKT 2

After we wrote about their $680k loss, a reader pointed out that the story did not end there.

Just 8 hours after the first attack, they lost another ~200 ETH to a completely different exploit.

Transaction Details.

This is the address of the second hacker.

The second attack took advantage of a mistake in their new priceCalculator that mispriced only BAND.

credit: watchpug

~$550,000 dollars lost due to a fix that did more damage than good.

The Merlin team have outlined a compensation plan for those who lost out in the initial attack, and the one which came afterward.

When we mentioned that Merlin Labs “Must try harder”, we didn’t mean to climb up the leaderboard…

This second attack gave them another chance, but they remain in position #28.

Must try harder.

REKT serves as a public platform for anonymous authors, we take no responsibility for the views or content hosted on REKT.

donate (ETH / ERC20): 0x3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C

disclaimer:

REKT is not responsible or liable in any manner for any Content posted on our Website or in connection with our Services, whether posted or caused by ANON Author of our Website, or by REKT. Although we provide rules for Anon Author conduct and postings, we do not control and are not responsible for what Anon Author post, transmit or share on our Website or Services, and are not responsible for any offensive, inappropriate, obscene, unlawful or otherwise objectionable content you may encounter on our Website or Services. REKT is not responsible for the conduct, whether online or offline, of any user of our Website or Services.