Merlin, a decentralized exchange (DEX) on the Binance Smart Chain, has been drained of $1.82 million by "rogue developers," according to a statement from the Merlin team. The attackers exploited a vulnerability in the Merlin smart contract to mint and sell a large amount of the MERL token, causing its price to crash. The Merlin team has promised to compensate affected users and is working with security experts to prevent similar attacks in the future. The incident highlights the risks associated with decentralized finance (DeFi) and the need for robust security measures.