Investigation Underway as $7 Million in Stolen BTC Linked to ODIN•FUN Exploit
Main Idea
A $7 million Bitcoin theft from ODIN•FUN highlights vulnerabilities in crypto trading platforms, prompting security measures and law enforcement involvement.
Key Points
1. ODIN•FUN lost $7 million due to a liquidity pool exploit involving the SATOSHI meme token.
2. The platform has halted Automated Market Maker (AMM) trading to prevent further incidents.
3. ODIN•FUN is working with law enforcement and exchanges like Binance to track and recover the stolen funds.
4. The incident underscores the need for enhanced security measures in cryptocurrency trading platforms.
Description
The recent $7 million Bitcoin (BTC) theft from ODIN•FUN highlights the risks in crypto trading. Bad actors inflated the price of a meme token before draining the liquidity pool, leaving
$BTC
$122686.3
+2.20%
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