Bob Bodily, co-founder of the Bitcoin-based trading platform Odin.fun, has revealed that a suspected hack compromised his account on the website, triggering a halt in trading and withdrawals.<\/p>\n
Following the incident, Odin\u2019s Dog (ODINDOG), a meme coin native to the platform, saw its price crash by over 55% in the last six hours.<\/p>\n
The chaos began early Monday when Bodily took to X to report<\/a> that his personal Odin.fun account had been compromised. \u201cMy ODIN\u2022FUN account was hacked,\u201d the Bitcoin educator wrote. \u201cWorking on it. More info as soon as I can,\u201d he added.<\/p>\n When a user asked him to clarify the extent of the breach, he responded, \u201cJust ODIN\u2022FUN account that I can see so far.\u201d<\/p>\n However, fears quickly escalated as the platform paused all trading and withdrawals, a move similar to those of other platforms that have been targeted by hacks in the past.<\/p>\n PeckShield, a well-regarded blockchain security tracker, added fuel to the fire, reporting through its X account that Bodily\u2019s wallet, labeled as the Odin.fun deployer, had liquidated<\/a> its entire ODINDOG position worth more than $178,000.<\/p>\n This liquidation seems to have intensified market panic even more, leading to further selloff. As of this writing, the meme coin is down 57.6% in 24 hours and is currently trading at $0.1808, per Odin.fun. On CoinGecko, the token has plummeted from a 24-hour high of $0.3309 to a new all-time low of $0.1894, an 89.3% drop from its all-time high of $1.78 recorded last month.<\/p>\n The crypto community was quick to react, with some expressing sympathy and others skepticism. Additionally, a number raised questions about Odin.fun\u2019s broader security, with one user stating, \u201cFunds SAFETY is the key question now,\u201d echoing concerns from users and investors waiting for a clear explanation regarding the status of their assets on the platform.<\/p>\n The incident is not isolated, coming almost two months after the crypto industry witnessed the largest heist in its history when Bybit suffered a $1.4 billion hack<\/a> attributed to the notorious North Korea-linked criminal organization Lazarus Group.<\/p>\n Elsewhere, lending protocol zkLend was also exploited<\/a>, but on a much smaller scale, losing $4.9 million to an attacker who later ironically claimed to have lost<\/a> the stolen funds in a phishing scam.<\/p>\n The post ODINDOG Plunges 57% to All-Time Low After Co-Founder Hack<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bob Bodily, co-founder of the Bitcoin-based trading platform Odin.fun, has revealed that a suspected hack compromised his account on the website, triggering a halt in trading and withdrawals. Following the incident, Odin\u2019s Dog (ODINDOG), a meme coin native to the platform, saw its price crash by over 55% in the last six hours. The Hack […]<\/p>\n","protected":false},"author":0,"featured_media":59229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59228"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59228"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59229"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recurring Security Crisis<\/h2>\n