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WE-Launch
odin.fun Co-founder: Company Funds Insufficient to Cover Loss, Remaining Funds on Platform Safe
BlockBeats News, August 13, odin.fun Co-founder posted on X Platform in response to the previously stolen funds, stating, "We discovered a major vulnerability in our latest liquidity AMM (Automated Market Maker) update. Some malicious users (mainly associated with criminal gangs in China) exploited this vulnerability to steal a large amount of BTC from the platform. We are still assessing the specific amount of BTC lost, and the company's funds are insufficient to cover the loss. The remaining funds on the platform are secure. We have identified several groups that profited from exploiting this vulnerability and will pursue them and file lawsuits (especially considering the amount of evidence we have, including the activity in their wallets)."
Earlier reports indicated that odin.fun platform had a suspected vulnerability, resulting in approximately 58.2 BTC being transferred out.
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