On August 12-13, 2025 Odin.Fun (Bitcoin-based memecoin launchpad on ICP) lost 58.2 BTC (~$7 million) to attackers who deposited worthless tokens (SATOSHI, ODINPEPE), used overweighted deposits and self-trading to artificially inflate token value in the protocol's internal AMM logic (which lacked external oracle validation), and drained the pool.

The Bitcoin-based memecoin launchpad ODIN.FUN suffered an exploit, losing approximately 58.2 BTC (around $7 million). The attacker allegedly manipulated the prices of several tokens and then withdrew bitcoin based on the inflated values. On August 17, ODIN.FUN co-founder Bob Bodily stated: “Made great progress on funds today (as many of you already saw). 30+ BTC back into Odin. More funds in progress too.”