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anchored·3M6F5j…3USNSummary
Odin.Fun (ODIN•FUN) is a Bitcoin-based meme coin launchpad and automated market maker launched in January 2025 by Bioniq co-founder Bob Bodily, designed as a Pump.fun analogue for Bitcoin Runes tokens. The platform has suffered at least four confirmed security incidents within its first year of operation, including a critical $7 million (58.2 BTC) AMM liquidity manipulation exploit in August 2025 that left the treasury insolvent and unable to fully compensate affected users. As of the latest available reporting (August–September 2025), the platform remained halted pending security audits, with no committed reopening timeline.
Connected Entities
5 entities · 60 linked investigations- Internet Computer→mentioned with→Solana(65%)
- Internet Computer→mentioned with→Bitcoin(70%)
- Odin.Fun→mentioned with→Internet Computer(80%)
- Odin.Fun→mentioned with→Solana(60%)
- Odin.Fun→mentioned with→Binance(70%)
- Odin.Fun→mentioned with→Bitcoin(70%)
Timeline(9 events)
2025
Odin.Fun launches as Bitcoin's first meme coin launchpad, built by Bioniq co-founder Bob Bodily, modeling the Pump.fun bonding curve mechanism for Bitcoin Runes tokens.
7 March 2025
Community members report 74 BTC disappearing from Odin.Fun's apparent on-chain records. The team attributes this to a deposit synchronization bug and states user funds are safe, with no third-party verification.
14 March 2025
Taproot Wizards leads a strategic investment round in Odin.Fun; investment amount undisclosed.
14 April 2025
CEO Bob Bodily's Odin.Fun account is compromised via a critical vulnerability in the Sign-In With Bitcoin (SIWB) authentication library; $178,700 in assets liquidated. Platform halts trading and withdrawals. ODINDOG drops 57.6% in 24 hours.
15 April 2025
AstroX releases a patch for the SIWB authentication bypass vulnerability. DFINITY developer forum publishes a post-mortem. Odin.Fun deploys the fix.
20 June 2025
One of the eventual August 2025 exploit attacker wallets (the 'sleeper cell') makes its first deposit, acquiring SATOSHI tokens — identified in post-incident forensics as early-stage exploit preparation.
12 August 2025
AMM liquidity manipulation exploit begins. Attackers using coordinated accounts drain 58.2 BTC (approximately $7 million) from Odin.Fun's liquidity pools within two hours by inflating worthless SATOSHI•NAKAMOTO and ODINPEPE token valuations. Platform reserves drop from 291 BTC to 232.8 BTC. Odin.Fun halts all trading and withdrawals.
13 August 2025
PeckShield discloses the breach on X. CoinDesk, Decrypt, and The Block publish initial reports. Bob Bodily confirms treasury cannot fully cover losses and pledges compensation plans.
19 August 2025
Odin.Fun posts a recovery update confirming stolen funds partially frozen at exchanges, stating it cannot commit to a trading resumption timeline. Halborn, QuillAudits, and OKX publish technical post-mortems characterizing the exploit as involving well-known, auditable vulnerability classes deployed without prior audit.
Decision Log
- hash: FrKpM2wp8qUHn4xRNQn3JFVFccaqC6mTRM232N4rqWAx
This investigation is cryptographically anchored to the Solana blockchain (1 event). 19 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:21 AM
last updated: 8/29/2026, 12:34:18 PM
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