Odin.fun founder Bob Bodily reports strong progress in reviving the platform, offering an update that reads more like a frank message to its community than a polished press release.
He confirms that nearly all of the 290 BTC target has been met—around 280 BTC is now secured, with the remaining amount set to be converted and deposited in the near future. Importantly, he reassures users that their funds are backed one-for-one with Bitcoin.
The protocol’s audit has concluded. Bodily notes that all critical feedback has been addressed and signed off, though a small amount of cleanup remains ahead of the full public release.
Crucially, some funds have been frozen across multiple centralised exchanges. Odin.fun is coordinating with law enforcement to investigate and recover these assets—a process expected to be drawn-out, but receiving full focus.
In parallel, the team is auditing user balances—BTC, tokens, LP tokens, and buy/sell records—to distinguish legitimate from illegitimate activity. This step is essential to ensure trading resumes on fair grounds. They aim to complete this within the next 24 hours.
Going forward, a robust protocol is being rolled out. Every new change will now pass through enhanced end-to-end testing, unit tests, external review, and audits. Security will be built in at every stage.
Bob Bodily encapsulates the tone: trading could resume in just a few days. He closes with a sense of anticipation—eager to get the platform running again for users.
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