The rune version of Pump.fun was allegedly hacked, with a 74-bitcoin vulnerability? ODIN.FUN team clarifies: deposit display error has been fixed

ODIN•FUN is a version similar to Pump.fun of BTC, accelerating transaction finality through Valhalla technology, launching Rune-like coins via bonding curve, and trading through AMM mechanism. However, at noon on March 7th, the community spread news of withdrawal failure and the disappearance of 74 BTC, even leading to the deletion of team members’ accounts, causing doubts. Founder Bob clarified it was a deposit synchronization code error, which has been fixed. Currently, all funds are safe, managed by a 12/34 multi-signature Wallet on ICP, supporting all BTC assets on a 1:1 basis.

BTC version Pump.fun? It’s more like a centralized casino.

ODIN•FUN is basically the BTC version of Pump.fun, accelerating transaction finality through a technology framework called Valhalla. The platform currently supports assets in the category of Rune ( symbols ), also launching representative coins through the Bonding Curve (Bonding Curve), and facilitating transactions through the AMM automated market maker mechanism.

In terms of security, the upgrade of the smart contract is controlled by a 4/7 Multi-signature Wallet (. The smart contract mentioned here is actually running on ICP ). The protocol treasury is controlled by a 3/5 Multi-signature Wallet.

KOL Yuyue supplement: Basically, ODIN.FUN is a centralized casino, unlike Pump.fun, the transactions on it cannot be found on the BTC mainnet with transaction hash value.

The team clarified that it was only a code error, and no disaster occurred yet.

And today, on July 7th, at noon, the ODIN.FUN community suddenly encountered a message stating that withdrawals were not possible, and there were reports of 74 BTC disappearing. Team member @CryptoDuck222’s account was also deleted. Just as the community was questioning whether the protocol was stolen or if the team ran away, ODIN.FUN founder Bob came forward to clarify. He mentioned that there was an error in the deposit synchronization code, causing some users’ balances to be greater than the amount they deposited. That’s why no one could find the 74 BTC deposit transaction on the chain. It has been fixed approximately 12 hours ago.

Currently, all user funds are safe, and the protocol funds are currently managed by the 12/34 Multi-signature Wallet on ICP, with all BTC being supported 1:1.

The Rune version of Pump.fun in this article appears to have been hacked, showing a 74 BTC vulnerability? The ODIN.FUN team clarified: the deposit display error has been fixed, which first appeared in Chain News ABMedia.