Odin.fun Memecoin Launchpad Drained: $7M Liquidity Exploit Rocks Crypto Scene

Another day, another DeFi bloodbath—this time it's Odin.fun's memecoin launchpad coughing up $7M to an exploit. Just when you thought the 'fun' in DeFi stood for something other than 'financial unaccountability.'

How it happened: Liquidity pools got raided like a Vegas buffet. No fancy bridge hacks or oracle manipulation—just old-fashioned code gaps turned into golden parachutes for some anonymous deviant.

The aftermath: Projects built on Odin.fun now sweating harder than a Bitcoin miner in Venezuela. Meanwhile, the usual 'we're investigating' tweets are rolling in faster than a memecoin rug pull.

Silver lining? At least it wasn't a nine-figure heist—progress by crypto standards. Maybe next time they'll audit before launching, not after the Lambo money disappears.