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Odin.fun Memecoin Launchpad Drained in $7M Exploit—DeFi ’Security’ Strikes Again
Odin.fun Memecoin Launchpad Drained in $7M Exploit—DeFi ’Security’ Strikes Again
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Another day, another crypto bloodbath. Odin.fun—the memecoin incubator that promised moon-shots—just got rugged for $7 million in a liquidity heist.
How? Same old story. Some anonymous code-slicer found a crack in the smart contract armor, bypassed the vault, and ghosted with the loot. No white-hats here—just pure digital highway robbery.
DeFi’s self-custody mantra? Working as intended. Your keys, your coins… and apparently, their exploit.
Meanwhile, the usual suspects are tweeting 'we’re investigating' while the stolen funds hop across chains. Cue the hollow promises of reimbursement—right after VCs finish dumping their bags.
Pro tip: Next time someone pitches you a 'community-driven launchpad,' check if their auditors were paid in memecoins.
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