X @BSCN

Security Breach - Odinfun, a Bitcoin memecoin launchpad, experienced a $7 million exploit due to liquidity manipulation [1] - The breach resulted in a loss of 582 BTC, draining deposits from 291 BTC to 2328 BTC in under two hours [1] - Trading and withdrawals are currently paused as a security audit is conducted [2] - This marks Odin's second major security incident in 2025, raising concerns about the platform's security measures [3] Response and Investigation - Odinfun's co-founder confirmed the loss, stating the company treasury cannot cover it [2] - The exploit targeted Odin's automated liquidity market-making tool, with threat actors manipulating token prices [2] - Odinfun 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, experienced a 40% price plunge following the incident [3] - Community reaction is divided, with some blaming the co-founder for security lapses [3]