Odin.fun Launchpad lose 58.2 BTC for $7M AMM Exploit

Published: 2025-08-13 11:43:19 |

Odin.fun, wey be Bitcoin-based memecoin launchpad, suffer big AMM exploit on August 13, 2025. Bad guys put fake SATOSHI token plus BTC inside platform liquidity pools make prices fake high. Dem come drain 58.2 BTC (about $7M), drop reserves from 291 to 232.8 BTC inside two hours. PeckShield na first detect the breach, and co-founder Bob Bodily confirm the AMM weakness. Odin.fun don freeze suspect accounts, secure remaining money, and dey work with US and China authorities, OKX and Binance to find the hacker. The platform plan full security check within one week. Odin.fun go give users compensation, even though their treasury fit no cover all loss. This matter show risk wey shallow liquidity pools and AMM weaknesses get inside DeFi.

Bearish

The hack wey happen for Odin.fun AMM liquidity pools carry direct 58.2 BTC loss come show big problem for memecoin platforms. Such high-profile wahala fit shake trader confidence well well and make dem sell Bitcoin because dem dey fear say system get gbege. For short term, market people fit reduce how much BTC dem dey carry and rethink their DeFi waka. For long term, e go make people check AMM projects well well and regulators fit come dey watch dem closer, but the basic demand for Bitcoin no go change. Overall, the news bad for BTC because e fit make market spirit and liquidity weak.