Odin.fun Halts Trading After CEO's Account Hack: A Crypto Rollercoaster!

Bob Bodily's Account Compromised, Platform Pauses to Investigate

Hold onto your hats, crypto fans! Odin.fun, the Bitcoin-based memecoin platform, slammed the brakes on all trading and withdrawals on April 14 after CEO Bob Bodily dropped a bombshell: his account had been hacked!

In a heart-stopping X post on April 14, Bodily, with his 48.2k followers hanging on every word, revealed the shocking news. He quickly reassured everyone that the breach was confined to his Odin.fun account and hadn't touched his Bitcoin wallet. Phew, right?

But the drama didn't stop there. Bodily announced that the team had hit the pause button on trading and withdrawals "to ensure this isn't a broader issue." They're now on a mission to get to the bottom of this cyberattack.

The first whispers of this incident hit the scene nearly an hour earlier on the same day. A community member, 'Cai,' sounded the alarm, claiming that all tokens in Bodily's Odin.fun wallet had vanished into thin air. The post, which spread like wildfire, pointed fingers at the CEO for allegedly dumping his holdings, sending traders into a frenzy of panic.

As news of the hack spread, Odin.fun's top memecoins took a nosedive. It was like watching a crypto rollercoaster plummeting down the tracks!

The platform's flagship memecoin, ODINDOG, crashed a staggering 57.6% in just one day. Other heavy hitters like ODINAPE, SATOSHI, ODINGOLD, and ODINSTAS weren't far behind, with losses ranging from 30-70%. Ouch!

We reached out to Bodily for his take on this wild ride, but as of press time, he's still radio silent.

Odin.fun, launched in February by the masterminds behind the Ordinals marketplace Bioniq, was meant to be the ultimate Runes marketplace and launchpad. They drew inspiration from the buzz surrounding Solana's Pump.fun and Tron's Sun Pump, aiming to be the next big thing in the memecoin world.

For those new to the game, Runes are Bitcoin's answer to Ethereum's ERC-20 tokens, allowing the creation of fungible tokens on the Bitcoin network. It's a whole new world of possibilities!

In other memecoin madness, last month, Four.Meme, another launch platform, had to hit the brakes on its token launch feature after falling victim to an exploit that cost them over $180k. It's a wild world out there in the crypto space!