Odin.Fun Hack

On August 12, 2025, Odin.fun, a Bitcoin-based memecoin launchpad and trading platform, was exploited for 58.2 BTC worth approximately $7 million. The attack involved a liquidity manipulation scheme targeting the platform's automated market-making tool, with hackers primarily linked to Chinese entities according to the co-founder's statement.

The exploit targeted a vulnerability in Odin.fun's automated liquidity market-making tool that was introduced in their latest update. The attackers executed a liquidity manipulation attack by adding tokens like SATOSHI to artificially inflate prices, then withdrawing their liquidity to receive Bitcoin returns. The platform's Bitcoin deposits dropped from 291 BTC to 232.8 BTC in under two hours as multiple threat actors took advantage of the vulnerability.

The co-founder Bob Bodily confirmed that various malicious users, primarily linked to groups in China, exploited the flaw to steal significant amounts of BTC from the platform. The company's treasury is insufficient to cover the full losses, but the team has engaged a top-tier security auditing team for a comprehensive code audit that may take up to a week. Odin.fun has contacted U.S.

law enforcement and is cooperating with major exchanges OKX and Binance, who have engaged Chinese authorities regarding the incident.

Attacker Addresses:

jeypm-z6t4p-uqshx-dtay4-qgw5d-ca7j5-alviu-fch2d-nmsnc-c4k3k-aae

urguz-m32zo-jlld6-pyy4l-z3c24-jv4pt-5fmll-gq2xd-6siiz-oxkao-xae