Bitcoin-based MemeCoin platform Odin.Fun suspended all transactions and withdrawals on April 14 after CEO Bodily revealed that his account had been compromised.
On the X-Post on April 14th, the body warned 48.2K followers that his Odin.Fun account was hacked, making it clear that the violation was limited to his account on the platform and “did not affect” the Bitcoin wallet.
Source: x
He said the team had suspended transactions and withdrawals “to ensure this was not a broader issue” and was actively investigating the incident.
The first report of the incident surfaced almost an hour ago on the same day, with one community member, “Cai,” flagging that all tokens of the body Odin had been cleared. The post quickly gained traction, linked to wallet addresses, denounced the CEO of Dump Holdings, and caused panic among traders.
You might like it too: Pump.Fun resumes live streams to 5% of users after a moderation overhaul
Many of the top memokines released on Odin.Fun have been revised sharply after reports of the incident emerged.
Its flagship Memecoin, Odindog, has dropped by 57.6% in the past day, while others like Odinnape, Satoshi, Odingord and Odinsta saw losses in the 30-70% range.
Odin.Fun’s main memokine experienced a sudden loss | Source: Odin.Fun
Crypto.News contacted the body for comment, but did not respond as in the press time.
Released this February by the team behind Ordinals Marketplace Bioniq, Odin.Fun was created as the Runes Marketplace and Launchpad, and was inspired by the hype surrounding Solana’s Pump.Fun and Tron’s Sun Pump.
For beginners, Runes are Bitcoin-based token standard and are designed to allow for the creation of reliable tokens on the Bitcoin network, similar to the ERC-20 tokens on Ethereum.
Related News, last month, MemeCoin launch platform 4.Meme had to interrupt its token launch capabilities after suffering an exploit that led to more than $180,000 loss.
read more: Trump Meme Coin under pressure amid unlocking $320 million tokens this week
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