
D.JOKER | 蛇王🃏|Mar 07, 2025 12:48
Creating panic without chips
Odin was once again subjected to a wave of panic today, suspected to have been hacked and unable to withdraw platform funds. The leader Odindog was hit by panic and fell to 500 sats before being pulled back to 1200 sats, while Paper Hand was washed out of the car. Faced with the sudden incident, founder @ BobBodily immediately posted a detailed explanation 👇
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one ️⃣ ODIN • FUN has not been hacked;
two ️⃣ There is an error in Odinfun's deposit synchronization code, causing some users to have balances greater than the amount they deposited. That's why no one can find 74 BTC deposit transactions on the chain. As of approximately 12 hours ago, all issues have been fixed (checked the balance of 74 BTC users and restored to normal);
three ️⃣ All user funds are secure. No users have suffered any direct losses due to this error.
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https://odin.fun?r=tbgy22bveo
The follow-up plan for this incident 👇
one ️⃣ The team is improving the ODIN • FUN front-end by providing deposit and withdrawal status (pending, confirmed, credited) as well as browser links so that users can track the trail of funds (fully decentralized and on chain).
two ️⃣ The team is continuing to strengthen the smart contract code, API, and indexer through internal and external reviews and audits.
three ️⃣ The team is improving the process for handling large BTC amounts on the platform. This means that users may need to wait for additional confirmation of larger deposit or withdrawal amounts to enhance platform security.
Start trading Meme coins on BTC immediately:
https://odin.fun?r=tbgy22bveo
🧑🏻💻 Founder @ BobBodily is a Web3 serial entrepreneur. He founded Toniq Labs in 2021, which has been keeping up with the Web3 trend. In 21-22, he first developed NFT products on ICP and then shifted to the Bitcoin Ordinals market in 2023. He also obtained investment from Polychain through his subsidiary @ bioniqMarket. If he were a short-sighted person, he would have been able to withdraw funds and leave two years earlier, but he chose to deeply cultivate the BTC ecosystem, obviously aiming for a larger platformization goal.
From the current market prices and reactions, it is highly likely that this event is a malicious bearish sentiment, creating lower chip costs by creating panic, and there are no issues such as the inability to withdraw coins 😹
There is actually no need to panic excessively. The process of a healthy market rise is inevitably accompanied by uninterrupted washdowns and corrections, and often such events occur with trading opportunities with high profit and loss ratios (today, many friends also took advantage of the paper hand to smash the market and buy, instantly doubling)
Start trading Meme coins on BTC immediately:
https://odin.fun?r=tbgy22bveo
Just like Bitcat a few days ago 🐱 Although I obtained the bottom chip, it later reminded me that the unequal space between market value and trading volume during the upward trend has led to the current continuous market washing. In any case, there are not many strong consensus communities on Odin at this stage. Apart from leading companies, projects that can maintain market value and continue to rise are still mainly focused on community construction (including Satoshi Odinfrog community)
At present, the only platform with hope of seeing meme rise on the Bitchain is Odinfun, Solona is no longer suitable for most young players to play. Robot battles continue to unfold, and the front-end effect is too obvious. For most people, it is a zero loss game, but at least for now, Odinfun is fair.
SOLUTE:
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(This is not an advertisement)
Start trading Meme coins on BTC immediately:
https://odin.fun?r=tbgy22bveo
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