TechFlow news, on August 13, co-founders of the ODIN•FUN platform issued a statement confirming a critical security vulnerability in their automated market maker (AMM) system during the latest update. Multiple malicious groups exploited this vulnerability to steal a large amount of Bitcoin, with the exact loss amount still under assessment. The platform stated that its current reserves are insufficient to fully cover the losses.
The platform has engaged a security audit team to conduct a comprehensive code review, expected to be completed within one week. The platform said it will develop a compensation plan, with specific details to be announced later. Prior to completion of the security audit, the platform has suspended operations.
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