Odin.fun Assures Users: BTC Deposits Fully Backed Amid Hacking Concerns

On March 7th, Odin.fun developer Bob Bodily reassured the community through an official post, declaring that the platform has not experienced any security breaches. He emphasized that all BTC deposits on Odin.fun are secured by a robust 1:1 reserve, ensuring users’ funds remain safe. In light of recent user feedback regarding withdrawal issues, which some speculated could be linked to hacking, Bodily confirmed that he will provide a comprehensive explanation on Twitter shortly. Previous reports from COINOTAG highlighted the concerns among users within the Bitcoin ecosystem, as many found themselves unable to withdraw funds from the trading platform. Such reassurances from the platform’s developers are crucial as they seek to restore confidence among their user base and maintain transparency in their operations.