odin.fun Co-founder: Company Funds Insufficient to Cover Loss, Remaining Funds on Platform Safe

By: theblockbeats.news|2025/08/13 13:52:02

0

Share

copy

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.

You may also like

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

By the end of 2025, Tether and its competitor Circle had blacklisted around 5700 wallets, involving assets of around $2.5 billion.

Polymarket vs. Kalshi: The Full Meme War Timeline

Polymarket vs. Kalshi: The Full Meme War Timeline

The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.

Russian-Ukrainian War Prediction Market Analysis Report

Russian-Ukrainian War Prediction Market Analysis Report

By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

What Have Foreigners Been Most Interested in the Last 24 Hours?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse

What on earth is the CFTC up to?

AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)

AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)

Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.

Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?

Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?

How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

The Israeli military is hunting a mole on Polymarket

「The suspect's behavior has posed a significant operational risk and will be charged with serious security offenses.」

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

Coinbase reports $1.8B in total revenue in Q4 2025, with a $667M loss leading to a sharp drop in stock price.

BlackRock Buying UNI, What's the Catch?

BlackRock Buying UNI, What's the Catch?

DeFi has transitioned from "Experimental Finance" to "Infrastructure Finance."

Lost in Hong Kong

Lost in Hong Kong

When yesterday's glory becomes today's shackles, only the courage to break free from the shackles can win tomorrow.

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

An analysis suggests that metal prices experienced a sudden drop due to a suspected algorithmic trading sell-off, leading some investors to unwind their positions in commodities including gold and silver to access liquidity.

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

The new war around the Agent On-chain Economy has begun.

Aave DAO Wins, But the Game Is Not Over

Aave DAO Wins, But the Game Is Not Over

The Aave community has achieved a milestone victory on the topics of revenue and governance, but key disagreements regarding the boundaries of funding, branding, and power remain unresolved

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

What Was Trending Among Expats in the Last 24 Hours?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool

TradFi giants are moving into the crypto market at an unprecedented pace.

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

By the end of 2025, Tether and its competitor Circle had blacklisted around 5700 wallets, involving assets of around $2.5 billion.

Polymarket vs. Kalshi: The Full Meme War Timeline

The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.

Russian-Ukrainian War Prediction Market Analysis Report

By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

What Have Foreigners Been Most Interested in the Last 24 Hours?

Popular coins

Latest Crypto News

14:01

WBTC Whales Manipulated Markets to Make Millions via Flash Loans

BlockBeats News, February 15th, according to AI Auntie's monitoring, an address that previously made a $9.94 million profit through WBTC swing trading has been seen to take profit:They bought 213.11 WBTC at an average price of $77,635.8 during the period of 2025.11-2026.02, and sold 200 of them in t...

14:01

If Ethereum drops below $2,000, the cumulative long liquidation pressure of mainstream CEXs will reach $769 million.

BlockBeats News, February 15th, according to Coinglass data, if Ethereum falls below $2000, the cumulative long liquidation intensity of mainstream CEX will reach $769 million.Conversely, if Ethereum breaks through $2200, the cumulative short liquidation intensity of mainstream CEX will reach $748 m...

14:01

Polynomial will cease operations, with plans to restart the project in the future

BlockBeats News, February 15th, the DeFi derivatives protocol Polynomial announced in a post that the on-chain derivatives market has grown 100 times in recent years. While its core strategic direction was deemed correct, the execution fell short of expectations, leading the team to decide to gradua...

14:01

SOL Surges Above $90

BlockBeats News, February 15, according to HTX market data, SOL rebounded and broke through $90, with a 24-hour gain of 5.95%.

14:01

Ethereum Deposit Recovery, CEX Net Inflow of 169,800 ETH in the Last 24 Hours

BlockBeats News Update: According to Coinglass data on February 15, in the past 24 hours, the total net inflow of ETH on CEXs was 169,800 ETH. The top three exchanges by inflow volume were as follows:· Coinbase Pro, inflow of 67,000 ETH;· Binance, inflow of 58,100 ETH;· Kraken, inflow of 23,000 ETH....