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Odin.fun

avoid.net/odin-fun22/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION]
anchored·3ciEHH…rLNo

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.

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Timeline(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.

Blockonomi

2025-03-14

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 Block

2025-04-14

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 Forum

2025-04-15

AstroX releases a patch for the SIWB vulnerability; Odin.fun deploys the patch and resumes operations.

DFINITY Developer Forum

2025-08-12

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.

CoinDesk

2025-08-13

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.

CoinCentral

2025-08-19

Bodily posts update stating 'really good' progress: some stolen funds frozen at CEXs, external audit ongoing, no trading resumption date committed.

Cryptopolitan
Provenance & Audit Trail

Decision Log

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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