Bitcoin Memecoin Launchpad Odin.fun Bleeds $7M: What Went Wrong?
Another day, another crypto platform learns the hard way that 'fun' in the name doesn't guarantee profits. Odin.fun—a Bitcoin-based memecoin launchpad—just joined the hall of shame with a $7 million hemorrhage.
How does a project built on the world's most battle-tested blockchain manage to fumble this badly? Let's peel back the layers.
The Security Myth Busted
Bitcoin maximalists love to crow about its unhackable nature—until a layer-two project proves otherwise. Odin.fun's exploit exposes the dirty secret: build on Bitcoin's base layer, and you're golden. Start stacking third-party solutions? Welcome to vulnerability city.
Memecoin Math Strikes Again
$7 million vanished faster than a Shiba Inu token's utility. The incident proves what Wall Street wonks sneer about: crypto's 'innovation' often just means inventing new ways to lose money faster.
Will this finally kill the 'safe memecoin' narrative? Don't bet on it—the crypto casino always finds fresh marks.
In a significant setback for a leading Bitcoin-based memcoin launchpad, Odin.fun is exploited by a hack that has shaken investor confidence. While the company remains committed to rebuilding trust, the incident has raised pressing questi... Read More
