The post ODINDOG Plunges 57% to All-Time Low After Co-Founder Hack appeared on BitcoinEthereumNews.com.

Bob Bodily, co-founder of the Bitcoin-based trading platform Odin.fun, has revealed that a suspected hack compromised his account on the website, triggering a halt in trading and withdrawals. Following the incident, Odin’s Dog (ODINDOG), a meme coin native to the platform, saw its price crash by over 55% in the last six hours. The Hack and Immediate Fallout The chaos began early Monday when Bodily took to X to report that his personal Odin.fun account had been compromised. “My ODIN•FUN account was hacked,” the Bitcoin educator wrote. “Working on it. More info as soon as I can,” he added. When a user asked him to clarify the extent of the breach, he responded, “Just ODIN•FUN account that I can see so far.” However, fears quickly escalated as the platform paused all trading and withdrawals, a move similar to those of other platforms that have been targeted by hacks in the past. PeckShield, a well-regarded blockchain security tracker, added fuel to the fire, reporting through its X account that Bodily’s wallet, labeled as the Odin.fun deployer, had liquidated its entire ODINDOG position worth more than $178,000. This liquidation seems to have intensified market panic even more, leading to further selloff. As of this writing, the meme coin is down 57.6% in 24 hours and is currently trading at $0.1808, per Odin.fun. On CoinGecko, the token has plummeted from a 24-hour high of $0.3309 to a new all-time low of $0.1894, an 89.3% drop from its all-time high of $1.78 recorded last month. Recurring Security Crisis The crypto community was quick to react, with some expressing sympathy and others skepticism. Additionally, a number raised questions about Odin.fun’s broader security, with one user stating, “Funds SAFETY is the key question now,” echoing concerns from users and investors waiting for a clear explanation regarding…

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Filed under: News - @ April 14, 2025 9:22 pm