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- The developer Bob Bodily had his account hacked, so they halted trading & withdrawals to conduct an investigation.
- The hacker managed to drain $178.7K from the linked wallet of Bodily and has 50% decline in ODINDOG token Value.
- Despite having achieved 1000 BTC in trading volume, ODIN.FUN’s breach retracts confidence in platform security and stability.
ODIN.FUN is a Bitcoin trading platform that decided to stop all trading and withdrawal services when its developer, Bob Bodily, declared his account compromised. The platform stopped its operation instantly to prevent any more issues as it began the investigation process.
Bodily further gave affirmation of the hack in a public statement. He stated, “My ODIN.FUN account was hacked. We’ve stopped trading/withdraws to ensure this isn’t a broader issue on the platform. Still investigating.” He also noted that his personal Bitcoin address was not compromised. However, the activities were halted to avoid further risks.
This hack directly impacted the platform’s native token, ODINDOG. However, within 24 hours, it dropped by 50%, raising the concern of investors in the market. Furthermore, all the funds in Bodily’s linked wallet were drained to the tune of a staggering $178.7K, further heightened uncertainty within the cryptocurrency community.
ODIN.FUN Major Achievement
Although, ODIN.FUN recently reached a significant landmark on April 12. The trading volume reached 1000 BTC, which shows that the platform plays an active role in the crypto industry now. However, this achievement was followed by the security breach, which caused significant doubts about the platform’s future stability and safety.
The unfolding investigation has met with considerable interest from investors. Some are worried about the safety of their investments and assets and whether the breach has affected the whole platform. ODIN.FUN has assured the clients about their security problems and challenges and is attempting to get back to normal business as soon as possible.
It has raised further concerns in the community about the security of cryptocurrency platforms. This has made users cautious, and they are paying close attention to the risks of their investments. The breach shows that there are still many risks persisting in the crypto industry.
ODIN.FUN is currently under pressure as it seeks to regain its operation after the cyber-attack. The platform will have to prove its reliability in terms of protection of its operations and regaining the clients’ confidence. The crypto community now tunes into the event wherein it remains to be seen how ODIN.FUN will address the issue.
