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.

The incident highlights the importance of security and risk management in the digital asset industry, and the role that security firms and protocols can play in mitigating risks and protecting users. Decentralized exchanges and other blockchain platforms are susceptible to a range of security threats, including smart contract vulnerabilities, hacking attacks, and other forms of fraud and abuse.

CertiK is a blockchain security firm that provides auditing and risk management services to blockchain projects and platforms. The firm's security protocols are designed to detect and prevent security threats and vulnerabilities, and to provide early warning systems to prevent potential attacks.

(by Oluwapelumi Adejumo)