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Odin.fun pauses trading, withdrawals after founder reported account breach

Category: CRYPTO NEWS

The post Odin.fun pauses trading, withdrawals after founder reported account breach appeared on BitcoinEthereumNews.com. On April 14, 2025, some users on X, formerly Twitter, sounded the alarm after noticing a weird series of transactions on the Odin.fun platform. While they did not want to jump to conclusions, speculation followed and the market reacted predictably.  According to reports on X and a tweet from Odin.fun’s founder Bob Bodily, the Odin platform was compromised, and it led to the unauthorized clearance of assets. As soon as the news got out, the platform’s flagship token, $ODINDOG, saw a sharp decline in value, reportedly dropping by almost 40% within hours. Odin platform’s $ODINDOG token plummeted after users noticed the founder’s account was unloading assets, potentially due to a breach. Source: @CG_BRC20 (X/Twitter). Odin rocked by hack reports According to data from CoinGecko, Odin’s market cap is currently hovering just above $4 million, with a circulating supply of 21 million. Each token is currently worth 0.1911, down almost 90% from its all-time high of $1.78. Bodily first reported the attack on his Odin account hours after it seemingly happened, stating that the team was investigating the issue and reassuring users he would share more info soon. About an hour after his first post about the attack, he clarified that only his Odin.fun account had been compromised so far, not his BTC account. “Still digging,” he concluded the tweet. It seemed like things were being handled but then shortly after his second tweet, Bodily revealed that Odin had paused trading and withdrawals platform-wide as it looked into whether the breach was an isolated event targeting Bodily’s account or signs of a broader vulnerability. Community members on X are skeptical of Odin and its leadership Some users on X are skeptical that Bodily was not the perpetrator of the attack himself. Few have even suggested the possibility of it being an…

2025-04-14T13:45:13+00:00

https://bitcoinethereumnews.com/finance/odin-fun-pauses-trading-withdrawals-after-founder-reported-account-breach/?utm_source=rss&utm_medium=rss&utm_campaign=odin-fun-pauses-trading-withdrawals-after-founder-reported-account-breach

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