Bitcoin-based Memecoin platform Odin.Fun stopped all trade and recordings on April 14 after CEO Bob Bodily revealed that his account had been affected.
In a April 14th x afterBodily warned his 48.2K followers that his Odin.Fun account had been hacked, so that the infringement was limited to his account on the platform and had not influenced his Bitcoin wallet.
He said that the team had paused the trade and recordings “to ensure that this is not a broader problem” and actively investigated the incident.
First reports of the incident arrived almost an hour earlier on the same day, with one member of the community, ‘CAI’, ‘CAI’, flag That all tokens in Bodily’s Odin.Fun wallet were cleaned up. The pole, which quickly got a grip, linked to the wallet address and accused the CEO of Dumping Holdings, which activated panic among traders.
A number of the best memecoins launched on Odin.Fun corrected sharply after reports about the incident have arisen.
The flagship Memecoin, Odindog, fell by 57.6% in the past day, while others such as Odinape, Satoshi, Odingold and Odinstas loses that vary between 30-70%.
Crypto.news reached for physical comments, but had not heard the time anymore.
Odin.Fun was launched in February of this year by the team behind the Ordinals Marketplace Bioniq, was founded as a Runes Marketplace and Launchpad, while he got inspiration from the hype around Solana’s Pump.fun and Tron’s Sun Pump.
For the non-inexpensive, runes are a Bitcoin-based token standard that is designed to make fungible tokens on the Bitcoin network possible, similar to ERC-20 tokens on Ethereum.
In related news, last month, Memecoin Launch Platform Four.Meme had to suspend his token launch function after an exploit that led to more than $ 180k in losses.
