Odin.fun Exploit Drains $7M in Bitcoin — Avoid Deposits

I view the Odin.fun incident as a clear example of price-manipulation risk in unaudited AMMs. Attackers deposited a worthless token to distort pool pricing and drained about $7 million in Bitcoin.

This demonstrates the protocol lacked basic safeguards like robust price oracles, slippage caps, and sanity checks, leaving liquidity providers and traders exposed to immediate losses.

I would avoid interacting with Odin.fun until core vulnerabilities are fixed and an independent security audit confirms the protocol is safe; if you have funds there, prioritize withdrawing and reporting the breach.