Platform odin.funoriented to meme coins in the bitcoin network, lost 58.2 BTC (~$7 million) as a result of a cyber attack, according to the analytical company peckshield.

#PeckShieldAlert An @Odin_GodOfRunes community member reported that 58.2 $BTC (worth ~$7M) were drained from the platform.

– Hackers added liquidity (e.g., via $SATOSHI)
– Artificially inflated the token price
– Removed liquidity to receive BTC returns

Attacker Addresses:
-… pic.twitter.com/igSZZujB1I
— PeckShieldAlert (@PeckShieldAlert) August 13, 2025

User under the nickname web3xiaoba clarified that the attackers used attack through manipulation. They added tokens for artificial inflating of prices and then withdrawn liquidity, getting bitcoins. Within two hours, platform deposits were reduced from 291 BTC to 232.8 BTC.

odinfun平台@Odin_GodOfRunes 疑似出了漏洞，不到2个小时存款从291个BTC骤降至232.8个BTC，少了整整58.2个BTC。昨天还在欢呼新UI上线，今天就成了黑客提款机，币圈就是这么神奇的地方吗？… pic.twitter.com/FC9jro8vcb
— 小巴 (@web3xiaoba) August 12, 2025

co-founder of odin.fun Bob was baiting He confirmed the hack and noted that the company’s funds in the Treasury are not enough to fully cover the losses, but the remaining assets of the platform are safe. According to him, groups associated with China were involved in the incident.

Apologies for the delay in responding to today’s event. We know it’s been over 8 hours since the exploit and our silence has likely been frustrating for many of you. We wanted to speak sooner but needed time to verify the facts and take immediate action to protect user funds.…
— Bob Bodily, PhD 👋 | #BTC #ETH #ICP 🧙🏽‍♂️ (@BobBodily) August 13, 2025

Bodily added that the attack was possible due to a vulnerability in the automatic market maker tool. The team is working on compensation for affected users and attracted professionals for a full security audit that can take up to a week.

Odin.Fun appeals to US law enforcement and cooperates with exchanges OKX and Binance, involving the Chinese authorities in the investigation. In an appeal to the hackers, Bodily warned about the consequences:

“You have a short period of time to return the funds. These are not negotiations. Most of you are already identified, and we will apply all the resources to return the stolen.”