X @BSCN

Security Breach - Odinfun, a Bitcoin memecoin launchpad, experienced a $7 million exploit due to liquidity manipulation, resulting in a loss of 582 BTC [1] - The breach caused deposits to decrease from 291 BTC to 2328 BTC in under two hours [1] - Trading and withdrawals have been paused while a security audit is conducted [2] - This marks Odin's second major security incident in 2025, following a previous compromise in April [3] Company Response - Co-founder Bob Bodily confirmed the $7 million loss, stating the company treasury cannot cover it [2] - Odin is collaborating with U S law enforcement, OKX, and Binance, which have contacted Chinese authorities [2] - Most of the attackers have reportedly been identified [3] Market Impact - Odin's native token, ODINDOG, plummeted 40% following the incident [3]