Bitcoin $118,514.48 Based Memecoin Removal and Purchase-Service Platform Odin.funAccording to Wednesday’s determination of Blockchain security company Peckshield, 58.2 BTC (about 7 million dollars) was the target of a hacking attack. Community Member “Web3xiaoba”, adding coins -like coins of hackers and inflating the prices by pulling liquidity Bitcoin that you took the refund reported. The deposits of the platform fell from 291 BTC to 232.8 BTC in less than two hours.
Hack attack targeting Odin.fun and the first findings
Peckshield, 58.2 pieces from Odin.fun BTCthat it was evacuated confirmed. Information was based on the shares of a member from the platform community. According to Web3xiaoba, the hack attack is based on liquidity manipulation. Hackers, such as Satoshı Altcoins added to the liquidity pool of the platform and inflated the prices, then pulled their liquidity and took Bitcoin. This process has disrupted the automatic market layout and turned the pool balance in favor of hackers.
The effect became visible in a short time. The Bitcoin deposits of the platform, which was reported in the Blockchain monitoring, fell from 291 BTC to 232.8 BTC in less than two hours. This decrease indicates that hackers are associated with a quick melting liquidity and a vulnerability that comes into contact with the pool structure.
Description came from the management: Here is the road map
Odin.fun’s co -founder Bob bodilyApproximately eight hours after the attack, the team still evaluates the total Bitcoin loss from the X account. announced. The company stressed that the loss of the treasury is not enough to meet the loss of the platform and that the funds on the platform are safe.
Bodily said that the source is a significant vulnerability in the platform’s automatic liquidity market maker vehicle. He added that different threat actors (predominantly linked to Chinese -related hacker groups) pulled Bitcoin using this opening. The team added that it is working on a compensation -oriented concrete plan for users affected by the attack and that a comprehensive audit to be carried out with the security team may take about a week.
On the other hand, the project team contacted the US law enforcement units. OKX And Binance He shared that coordination was provided and that the stock exchanges discussed the issue with the Chinese authorities. The team underlined that the perpetrators have detailed records of wallet movements. Bodily made a harsh call to the perpetrator addresses to return the funds in a short time and warned the legal process.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
