🚨 Bitcoin Memecoin Platform Odin.fun Suffers $7M Breach
Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 $BTC (~$7M) in a liquidity manipulation attack, according to PeckShield.
Hackers inflated token prices, withdrew liquidity, and drained funds, dropping Odin’s BTC reserves from 291 to 232.8 BTC in under 2 hours.
Co-founder Bob Bodily confirmed the treasury can’t fully cover losses but assured remaining funds are safe. A full security audit is underway, with law enforcement and major exchanges engaged.
Odin fun has issued an ultimatum to the attackers: return the funds or face prosecution.
DYOR No Financial advice!