Odin.fun
Summary
Odin.fun is a Bitcoin-native memecoin launchpad built on the Runes protocol, using the Internet Computer (ICP) blockchain as a settlement layer for fast, low-cost trading. The platform launched in early 2025 and attracted backing from the Taproot Wizards Ordinals project, but has suffered at least two confirmed security exploits — a $178,000 authentication vulnerability in April 2025 and a $7 million liquidity manipulation attack in August 2025 — with the latter draining user funds that the team has acknowledged it cannot fully repay from its own treasury.
Connected Entities
1 entities · 10 linked investigationsTimeline(7 events)
2025-01-01
Odin.fun launches as a Runes/BTC memecoin launchpad built on the Internet Computer's Valhalla application chain, founded by the Bioniq team.
Blockonomi2025-03-14
Taproot Wizards leads a strategic investment round in Odin.fun; financial terms are not disclosed. Platform reports $30M in trading volume and 20,000 users.
The Block2025-04-14
Odin.fun pauses all trading and withdrawals after attackers exploit a critical authentication vulnerability in the Sign-In With Bitcoin (SIWB) canister, allowing user impersonation. Estimated $178,000 in user funds stolen. Co-founder Bob Bodily's account is also allegedly compromised.
DFINITY Developer Forum2025-04-15
AstroX releases a patch for the SIWB vulnerability; Odin.fun deploys the patch and resumes operations.
DFINITY Developer Forum2025-08-12
Odin.fun suffers a $7 million liquidity manipulation exploit. Attackers deposit worthless Runes tokens (SATOSHI, ODINPEPE) alongside BTC into the AMM, conduct self-trades to inflate token prices, then withdraw disproportionately large BTC amounts. 58.2 BTC drained in under two hours. Trading and withdrawals halted immediately.
CoinDesk2025-08-13
Bob Bodily publicly acknowledges the treasury is insufficient to cover losses and issues an on-chain message calling on attackers to return funds. Platform engages U.S. law enforcement and Chinese regulators via OKX and Binance.
CoinCentral2025-08-19
Bodily posts update stating 'really good' progress: some stolen funds frozen at CEXs, external audit ongoing, no trading resumption date committed.
CryptopolitanDecision Log
- hash: CfwPiVma6M5Xb5v57rraGebQEYzBXYpYJWmLSSnP8FfB
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 5:48:25 PM
last updated: 6/1/2026, 5:48:28 PM
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