Express
Odin.fun Co-founder: Insufficient Funds to Cover Losses, Remaining Funds on Platform Secure
Summary: In response to reports of theft, odin.fun co-founder posted on X platform acknowledging a major vulnerability discovered in their latest liquidity AMM update. Malicious users (linked mainly to criminal groups in China) exploited this vulnerability to steal a large amount of BTC from the platform. The specific amount of BTC lost is still being assessed, ...
In response to reports of theft, odin.fun co-founder posted on X platform acknowledging a major vulnerability discovered in their latest liquidity AMM update. Malicious users (linked mainly to criminal groups in China) exploited this vulnerability to steal a large amount of BTC from the platform. The specific amount of BTC lost is still being assessed, and the company does not have enough funds to cover the losses. The remaining funds on the platform are secure. Several groups profiting from this vulnerability have been identified, and legal action will be taken against them (especially considering the amount of evidence we have, including activity in their wallets).
Odin.fun platform suspected to have a vulnerability, approximately 58.2 BTC transferred out.
Tags:
Link: Odin.fun Co-founder: Insufficient Funds to Cover Losses, Remaining Funds on Platform Secure [Copy]
