Odin.fun Halts Operations After $7 Million Bitcoin Exploit

Bitcoin-based memecoin launchpad Odin.fun has halted trading and withdrawals following a significant security breach that saw over 58 BTC, or roughly $7 million, vanish from the platform. The loss was revealed by X user @web3xiaoba, who flagged the dramatic drop in Bitcoin deposits from 291 BTC to 232.8 BTC within just two hours. Accounts attributed the exploit to a manipulation of liquidity pools for illicit withdrawals.