ODIN•FUN Exchange Hexploited for 7 Million USD After SATOSHI Token Price Manipulation, Preventing Many Investors from Withdrawing Funds.
Hackers exploited an AMM function vulnerability on ODIN•FUN, pumped SATOSHI Token prices,, and then Dumped liquidation, causing serious damage to the project and and users. The company is urgently addressing the issue and collaborating with authorities.
- SATOSHI Token manipulation attack on ODIN•FUN resulted in 7 million USD damage.
- CEO Bob Bodily confirmed the vulnerability originated from an AMM update,, currently undergoing security audit.
- Such price manipulation is becoming increasingly common in DeFi with significant losses in 2025.
How Did the Exploitation Occur?
Cybersecurity firm PeckShield identified that hackers pumped SATOSHI Token into the liquidation Pool and artificially increased prices. When the Token price surtheacker withdrew BTC liquidation worth 7 million USD, preventing other investors from withdrawing from.liquidation Pool believed believed SATOSHI Token had real value and automatically, releasing BTC. Liquidation manipulation and artificial price increases typically cause massive losses, especiallyiV DEFprotocols.
This exploitation method takes advantage of loose Token value and liquidation controls, directly impplatformacting stability and user interests.
How Did ODIN•FUN Respond to the Incident?
CEO Bob Bodily confirmed the cause was an error in the new AMM update liquidation system.ted trading to prevent further damage with and Chinese authorities, along with major exchanges like OKX Track down.The company is conducting high-level security audit and expects operations to resume within a week. Hackers only have a window Bitcoin before being prosecuted." – Bobily, ODIN•FUN CEO, June 2025Bob Bodily, ODIN•FUN CEO, 06/2025Additionally, ODIN•FUN is developing a compensation plan for affected users. Despite positive reactions from many community members, some doubt the CEO's ability to implement compensation based on previous history.
2025 also witnessed witnessed other severe attacks like Venus Protocol losing Protocol losing 700,000 USD due to an "artificial stablecoin gifting" and Cetus Protocol losing 250 million USD due to a memory overflow on the Sui blockchain.
These focal points reveal that security andabilities technical vulnerin remain an attractive target for malkersicious projects to protection capabilities and rigorous audits.
< h2eF Asked Questions><3Did theDin•FUN Cryptocurrency Attack Occur?The increasingly frequent pricepumandping liquidation withdrawals are a strong warning for DeFi platforms. –Ft Cryptocurrency analyst Lucy Zhang, 2025
What FHandle the incident?<
Stopped AMM trading high-auditlevels, audit, collaborated with with authorities, and developed a to for affected users.The error was in ODIN•FUN's AMM system update, creating conditions for price manipulation and liquidation attacks.
Common Are Token Price Manipulations ini?Currently, there are increasingly more price manipulation and liquidation withdrawal cases in DeFi protocols, causing damages up to tens of millions of USD.
How Can Users Protect Themselves WhenEF?
Users should prioritize platforms with independent audits,ation strict security mechanisms, and transparent operations to limit risks.
