Deep Tide TechFlow News, on August 13, the co-founders of the ODIN•FUN platform today issued a statement confirming that its Automated Market Maker (AMM) system has encountered a significant security vulnerability in the latest update. Multiple malicious groups exploited this vulnerability to steal a large amount of Bitcoin, with the exact loss amount still being assessed. The platform stated that its current reserves are insufficient to fully cover the losses.

The platform has hired a security audit team to conduct a comprehensive code review, which is expected to take a week to complete. The platform indicated that it will formulate a compensation plan, with specific details to be announced later. The platform has suspended operations until the security audit is completed.