ODINDOG Experiences 57% Dip to Record Low Following Co-Founder's Account Breach

Bob Bodily, co-founder of Odin.fun, a Bitcoin-based trading platform, recently reported a suspected breach of his account. This led to a suspension in trading and withdrawals on the platform. As a result, Odin’s Dog (ODINDOG), the platform's native meme coin, experienced a price drop of over 55% within six hours.

The situation escalated when a blockchain security tracker, PeckShield, reported that Bodily’s wallet had liquidated its entire ODINDOG position, exacerbating market panic and leading to further sell-offs. The incident raised questions regarding the platform's broader security, coming nearly two months after the crypto industry's largest heist, a $1.4 billion hack on Bybit, attributed to the infamous Lazarus Group.