PANews reported on August 13 that the co-founder of ODIN•FUN issued a statement saying that a significant vulnerability was discovered in their 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. The team is still assessing the specific amount of loss, and the company's funds are not sufficient to fully cover the losses, but the remaining funds on the platform are safe. The statement also mentioned that a top security audit team has been hired for a comprehensive code audit and that they are cooperating with law enforcement agencies in China and the US to track down the relevant criminal groups.
Earlier today, PeckShield reported that community members claimed the ODIN•FUN platform was hacked for 58.2 BTC, worth approximately $7 million.
