Odin.fun Co-Founder: Company Funds Insufficient to Cover Losses, Remaining Platform Funds Are Secure

On August 13, it was reported that the co-founder of odin.fun responded on the X platform to the recent theft incident, stating, "A critical vulnerability was discovered in our latest liquidity AMM (Automated Market Maker) update. Some malicious users (mainly linked to criminal groups within China) exploited this vulnerability to steal a large amount of BTC from the platform. We are still assessing the exact amount of BTC lost, and the company’s funds are insufficient to cover the losses. The remaining funds on the platform are secure. We have identified several groups that profited from exploiting this vulnerability and will pursue them and initiate legal action (especially considering the amount of evidence we have, including activity from their wallets)." Previous reports indicated that the odin.fun platform may have experienced a vulnerability, resulting in the transfer of approximately 58.2 BTC.