ODIN•FUN AMM Glitch Enables 58.2 BTC Theft, Funds Remain Safe

Published: 2025-08-13 05:34:59 |

ODIN•FUN co-founder disclosed a serious AMM vulnerability in the platform’s latest update. Exploiting this flaw, attackers tied to Chinese crime rings stole about 58.2 BTC (≈$7 million). The team is evaluating the exact loss and admits current reserves fall short of covering all damages, though remaining funds are secure. ODIN•FUN has hired a top security auditor for a full code review and is working with Chinese and US authorities to pursue the criminals. PeckShield initially reported the unauthorized 58.2 BTC withdrawal. Traders should monitor Bitcoin’s short-term volatility and increased focus on AMM security.

Neutral

The theft of 58.2 BTC due to an AMM vulnerability is significant for ODIN•FUN but small relative to Bitcoin’s market cap. While it underscores security risks in automated market makers and may trigger short-term volatility, the platform’s prompt response, reserves safety, and law enforcement cooperation help contain fallout. Overall market fundamentals remain unchanged, leading to a neutral outlook.