Odin.fun Reports Frozen Assets Across Exchanges, Trading Halt Continues

Odin.fun co-founder Bob Bodily announced trading could resume within 48 hours after replenishing $1.7 million in Bitcoin, pending audit release and confirmation of recovered user funds.

BTC

Summary

Odin.fun co-founder Bob Bodily stated that trading on the platform may resume within 48 hours, though delays of several days are possible. The company purchased $1.7 million in Bitcoin to restore funds, with deposits expected shortly. An official audit report and external review will be published within 12 hours, following the completion of testing and code review. Odin.fun confirmed that illegal activities from the recent attack have been separated from legitimate user transactions, which will be rolled back to safeguard user rights.

Terms & Concepts
  • Audit: An independent review of a company's financial or technical operations to verify compliance, accuracy, and security.
  • Bitcoin: The first decentralized cryptocurrency, operating on a peer-to-peer network without a central authority.