ODIN•FUN Exploit Drains $7M BTC via SATOSHI Token Pump
The ODIN•FUN exploit in April saw attackers inflate the SATOSHI token price via a liquidity pool exploit and drain 58.2 BTC (about $7 million) from the AMM. The ODIN•FUN exploit used a pump-and-dump on the SATOSHI token to empty platform reserves. Following the incident, ODIN•FUN paused AMM trading and engaged a leading security firm for a full smart contract audit. The team also alerted law enforcement and major exchanges, including Binance, to trace and recover stolen funds. This liquidity pool exploit underscores rising DeFi security risks. Traders should reassess exposure to high-risk AMM pools and await audit findings before resuming trades.
Bearish
The ODIN•FUN exploit and associated liquidity pool exploit are bearish for BTC in the short term. The $7 million theft shakes trader confidence and may trigger increased sell-off and volatility in Bitcoin and related DeFi tokens. In the long term, platform audits and improved security could stabilize the market, but immediate sentiment remains negative as risk awareness heightens.