Bitcoin News Today: Odinfun confirms AMM vulnerability led to 58.2 BTC theft in two hours

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 3:28 am ET1min read
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Aime RobotAime Summary

- Odinfun founder Bob Bodily confirmed a critical AMM vulnerability led to 58.2 BTC stolen in two hours via liquidity manipulation attacks.

- Attackers exploited $satoshi tokens to inflate prices and drain BTC, prompting withdrawal suspensions and a top-tier security audit.

- U.S. and Chinese authorities are investigating identified wallets, with Bodily demanding stolen BTC's return or prosecution over extensive evidence.

- A user compensation plan and AMM fixes are underway, though treasury funds cannot fully cover losses, as the platform vows to rebuild trust through actions.

Odinfun founder Bob Bodily has confirmed a critical vulnerability in the platform’s automated market

maker
(AMM) liquidity module, which led to the theft of approximately 58.2 BTC within two hours [1]. The attack was reported by the community after BTC deposits dropped from 291 BTC to 232.8 BTC in a short timeframe. Attackers exploited the AMM by adding liquidity through certain tokens, such as $satoshi, and artificially inflating their prices before removing liquidity to reclaim BTC without returning the paired asset. Two suspicious wallet addresses have been identified in the investigation, and Odinfun has since suspended withdrawals and trading to prevent further losses [1].

Bodily stated that while the remaining funds are secure, the company treasury is currently unable to fully cover the stolen amount. In response, Odinfun has engaged a top-tier security auditing firm to conduct a week-long, comprehensive review of the platform’s code. This follows the patching of the identified vulnerability, with the goal of resuming operations only after ensuring the AMM module is fully secure [1].

Legally, Odinfun has contacted U.S. law enforcement and is working with major exchanges OKX and Binance. Chinese authorities are also involved in the investigation, with several profiteering groups already identified and expected to face lawsuits in both jurisdictions. Bodily has issued a direct ultimatum to the attackers, giving them a limited window to return the stolen BTC and warning that failure to comply will result in full-scale prosecution, backed by extensive wallet activity evidence [1].

A compensation plan for affected users is under development, with details expected to be released following the audit. Bodily did not specify the plan’s structure but emphasized that it would reflect Odinfun’s commitment to its long-term community. Despite the setback, he reiterated the platform’s position as a key player in the

Bitcoin
DeFi sector and pledged to rebuild user confidence through tangible actions rather than promises [1].

Odinfun’s leadership confirmed that the incident will not derail its development roadmap. The coming weeks will test the platform’s resilience as it works to recover lost assets, restore full operations, and reinforce trust with its global user base [1].

Source: [1] Odinfun Founder Confirms AMM Flaw, 58 BTC Stolen in Attack (https://coinfomania.com/odinfun-founder-confirms-amm-flaw-58-btc-stolen-in-attack/)