Hackers Steal $7 Million From Odin.fun Memecoin Platform, Exploit Liquidity Pool Vulnerability

A daring hack has hit the Bitcoin-based memecoin platform Odin.fun, resulting in a significant loss of approximately $7 million. Blockchain security firm PeckShield confirmed the theft, with hackers siphoning around 58.2 BTC from the platform’s coffers. This exploit impacted the platform’s liquidity pools, causing a dramatic drop in Bitcoin holdings from 291 BTC to 232.8 BTC within just two hours, alarming users and raising concerns about security vulnerabilities.