QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
APRIL 2024
GLOBAL
MERLIN CHAIN
DESCRIPTION OF EVENTS
"Merlin Chain - The Native Bitcoin Layer2 Unleashing Bitcoin's Potential with Native L1 Assets, Users and Protocols"
"Merlin Chain is a Bitcoin Layer 2 that integrates the ZK-Rollup network, decentralized oracle network, Data Availability, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer 2 network, to Make Bitcoin Fun Again.
Merlin Chain leverages zero-knowledge proofs submitted to Bitcoin for verification of commitments, providing enhanced support to the Bitcoin network. It allows challengers to present fraud proofs on disputed matters, utilizing Bitcoin's robust consensus mechanism to ensure the security of the Merlin Chain network. This ensures a secure, practical, comprehensive, and economically efficient network environment for users within the ecosystem.
Merlin Chain aims to expand the native innovation from Bitcoin Layer 1 to Layer 2. This includes supporting all kinds of Bitcoin Layer 1 assets, building dApps with 'fully on chain' spirit of Bitcoin, and community driven assets launching method. Merlin is trying to build a EVM compatible chain for Bitcoin, to unleash the potential of Bitcoin and Ordinals."
"Merlin Chain offers low fees and high scalability as an EVM-compatible chain, ensuring swift transaction processing and enhancing transaction liquidity."
"Merlin Chain supports popular Bitcoin protocols such as BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, and more, enabling a more extensive user base to interact on Bitcoin Layer2."
"Merlin Chain has implemented ZK-Rollup to enhance efficiency and scalability, with sequencer nodes responsibly managing data transmission via decentralized Oracles, ensuring transparency and security."
"Merlin Chain continues its commitment to fair launches and community-driven native innovations on Layer2, dedicated to delivering unique solutions designed for the Bitcoin network and its users."
"Singapore, April 11th, 2024 — Merlin Chain, a trailblazer in Bitcoin-native layer 2 (L2) protocols, has rolled out a comprehensive suite of security measures alongside revolutionary chain architecture. This initiative follows the platform's remarkable achievement of securing a $3.5 billion Total Value Locked (TVL) just 30 days after its mainnet launch, attracting an impressive cohort of over 200 projects to its rapidly expanding ecosystem."
"Claim your $MERL Tokens Now! Round 2 LIVE NOW! Attention, Merlin community! Round 2 claims are live now. You can now claim your $MERL tokens at our official airdrop site!"
"Merlin Chain discord is hacked. DO NOT Interact."
"According to community feedback, the official Discord server of Merlin Chain appears to have been targeted in a hacker attack, where a management account posted a notification containing a phishing link."
"Looks like they caught the hacker quickly. There may still be some dangerous links, so it's probably best to wait a while."
Merlin Chain is a layer 2 protocol for bitcoin, aiming to make bitcoin fun again. The Merlin Chain official Discord was hacked, right in the middle of their airdrop campaign. From what can be determined, the post was removed very quickly, and it's unclear if there were any affected users.
SlowMist Hacked - SlowMist Zone (May 13)
Merlin Chain官方Discord疑似被黑 - PANews (May 16)
@Mailmanbtc Twitter (May 16)
@0xDrifter Twitter (May 16)
Merlin Chain official Discord is suspected to be attacked (May 16)
Merlin Chain官方Discord疑似被攻击 - BlockBeats (May 16)
Merlin Chain (May 16)
https://www.theblock.co/post/288729/merlin-chain-secures-new-investments-co-led-by-spartan-group-and-hailstone-labs-to-empower-bitcoin-apps (May 16)
https://cointelegraph.com/press-releases/merlin-chain-sets-new-standard-for-blockchain-security-and-innovation-with-state-of-the-art-chain-architecture (May 16)
@cryptfnt Twitter (May 16)
Overview | Merlin Docs (May 16)
@cryptfnt Twitter (May 16)
@flashpushxyz Twitter (May 16)
@antefex_moon Twitter (May 16)
@jsteigled Twitter (May 16)
@EncryptClubDao Twitter (May 16)
@BridgeM_io Twitter (May 16)
@lobinni_eth Twitter (May 16)
@MerlinLayer2 Twitter (May 16)
