Odin.fun halts trading, withdrawals after founder account breach
It all started on April 14, 2025, when eagle-eyed users on X, formerly Twitter, noticed something was off on the Odin.fun platform – a series of unusual transactions. While no one wanted to assume the worst right away, whispers of speculation began to spread, and the market reacted just as you might expect.
Details started to emerge on X, and a tweet from Odin.fun’s very own founder, Bob Bodily, confirmed the news: the Odin platform had been breached, resulting in the unauthorized clearance of assets.
The moment word spread, Odin’s flagship token, $ODINDOG, took a nosedive, plummeting nearly 40% in value within just a few hours, according to reports.
Odin rocked by hack reports
Data from CoinGecko reveals that Odin’s market cap is currently just a little over $4 million, with 21 million tokens in circulation. Each token is now valued at $0.1911, a stark 90% drop from its peak of $1.78.
Hours after the incident apparently occurred, Bodily himself addressed the situation, reporting the attack on his Odin account. He assured users that the team was already on it, investigating the issue, and promised to share more details shortly.
Around an hour after his initial announcement, Bodily followed up with a clarification: only his Odin.fun account, not his BTC account, had been affected – at least for now. “Still digging,” he signed off in the tweet.
It seemed like things were under control, but then, not long after his second tweet, Bodily dropped another bombshell. Odin, he announced, was pausing all trading and withdrawals across the platform. The reason? To investigate whether this was an isolated incident targeting just his account or if it signaled a larger vulnerability.
X Community Skeptical of Odin and Leadership
Skepticism was brewing in the X community, with some users even questioning whether Bodily himself might be behind the attack! A few went as far as suggesting it could be an inside job, though no real proof has surfaced to back up these suspicions.
On the other side, some showed empathy for the Odin team, calling the situation a “nightmare” and readily accepting that the asset liquidation was simply a consequence of the mass sell-off from the compromised account.
Whether it was an internal vulnerability, an external hack, or something shadier still, no one could say for sure. However, many seemed to agree on one thing: locking down withdrawals was perhaps an overreaction.
We've stopped trading/withdraws to ensure this isn't a broader issue on the platform. Still investigating.
— Bob Bodily, PhD 👋 | #BTC #ETH #ICP 🧙🏽♂️ (@BobBodily) April 14, 2025
“Unless the team can resolve the issue in a short period of time, do not close the deposit, withdrawal, and trading functions, as this may cause greater panic,” one user wrote.
Another user chimed in, questioning the logic: why freeze withdrawals for everyone if only the founder’s account was affected?
“Please listen to the voice of the market, do not create greater panic, believe that your goal is not to make a little money, but to have a greater sense of achievement and wealth!” Another user urged.
Interestingly, this exploit occurred just over a month after Bodily had reassured users about the security of Odin’s BTC deposits, claiming a 1:1 reserve. That earlier statement was intended to quell previous hacking worries, hinting that the platform had been under the security microscope before. However, the connection to the current situation remains murky.
So, as it stands, the big questions remain: why were assets cleared from Bodily’s account, and why was he the only target? The answers are still shrouded in mystery, but investigations are actively continuing.
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