{"id":11573,"date":"2025-09-23T20:55:03","date_gmt":"2025-09-23T20:55:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/seedifys-sfund-implodes-99-dprk-hackers-exploit-bridge-flaw\/"},"modified":"2025-09-23T20:55:13","modified_gmt":"2025-09-23T20:55:13","slug":"seedifys-sfund-implodes-99-dprk-hackers-exploit-bridge-flaw","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/seedifys-sfund-implodes-99-dprk-hackers-exploit-bridge-flaw\/","title":{"rendered":"Seedify\u2019s SFUND implodes 99%, DPRK hackers exploit bridge flaw"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Seedify\u2019s SFUND token was virtually erased in minutes, collapsing from $0.43 to near zero. The plunge follows a confirmed exploit on a cross-chain bridge, sparking an investigation and a direct plea to Binance\u2019s Changpeng Zhao for help.<\/p>\n<div id=\"cn-block-summary-block_f1e414b432bb0638b211b0f97677b6f7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Seedify\u2019s SFUND token collapsed nearly 100% after a cross-chain bridge exploit allowed attackers to mint and dump massive amounts of tokens.<\/li>\n<li>The plummet affected 64,000 holders and $1.2 million in assets. <\/li>\n<li>The team has since halted trading, blacklisted malicious addresses, and temporarily disabled all bridges, while appealing for outside help to track the perpetrators and recover stolen funds.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Sept. 23, Seedify\u2019s SFUND token suffered one of the sharpest collapses seen in recent memory, plunging 99.99% from $0.43 to nearly worthless within minutes before stabilizing above $0.21 at the time of writing, according to CoinMarketCap data.<\/p>\n<p>The crash followed confirmation from founder Levent Cem Aydan that the project\u2019s cross-chain bridge had been compromised, allowing attackers to mint and dump vast amounts of SFUND across multiple blockchains.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/seedify-fund\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>In a public plea posted to X, Aydan appealed directly to Binance founder Changpeng Zhao for help, citing more than $1.2 million in stolen assets tied to 64,000 affected holders on BNB Chain.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hi <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@cz_binance<\/a> a few hours ago our bridge\/oft contract got hacked, and hackers transferred minted tokens onto many chains, including BNB, where they sold most of the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SFUND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$SFUND<\/a> tokens.<\/p>\n<p>Currently they hold more than $1.2M in BNBchain:<br \/>0x14181636dd5BC8C6b8b47F8D0fd1b1e351B84bE4<\/p>\n<p>A lot\u2026<\/p>\n<p>\u2014 Meta Alchemist (@meta_alchemist) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/meta_alchemist\/status\/1970505109265072414?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\"><strong>Seedify\u2019s response and what the exploit revealed<\/strong><\/h2>\n<p>Roughly three hours after Aydan\u2019s first acknowledgment of the breach, Seedify\u2019s official X account issued a detailed statement. The team attributed the exploit to a DPRK state-affiliated group, saying the attackers gained control of a developer\u2019s private keys.<\/p>\n<p>According to the <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/SeedifyFund\/status\/1970537553515417918\">announcement<\/a>, the breach occurred at approximately 12:05 UTC when hackers used the keys to unlock the bridge contract on Avalanche, allowing them to modify settings and mint unauthorized SFUND tokens. The team emphasized that the contract had previously passed an audit from a trusted firm, underscoring the unsettling nature of the vulnerability.<\/p>\n<p>In a rapid containment effort, the Seedify team stated it coordinated with centralized exchanges to halt trading, blacklisted the attacker\u2019s addresses across multiple chains, and revoked the compromised permissions. The update assured users that \u201cthere is no ongoing risk to liquidity on BNBChain anymore,\u201d and that all cross-chain bridges have been temporarily disabled.<\/p>\n<p>Notably, the post concluded with a commitment to persevere.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSince 2021, Seedify has been a home for builders and everyone dedicated to creating value in the Web3 ecosystem, through both bull and bear,\u201d the team said. \u201cThis unfortunate event won\u2019t stop us, it only ignited our team to build better and bigger from here.\u201d<\/p>\n<\/blockquote>\n<p>The severity of the exploit pushed Aydan to go beyond formal updates. In a post on X, he offered blockchain sleuth ZachXBT a bounty if he could track down the attackers and help recover stolen funds.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@zachxbt<\/a> if you could find us the hackers, and help us resolve this situation we would love to give you a huge bounty for this.<\/p>\n<p>You can dm me directly.<\/p>\n<p>It is very urgent as they are moving the funds that they gotten from draining the liquidity pools, after minting from bridges<\/p>\n<p>\u2014 Meta Alchemist (@meta_alchemist) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/meta_alchemist\/status\/1970476051232104839?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seedify\u2019s SFUND token was virtually erased in minutes, collapsing from $0.43 to near zero. The plunge follows a confirmed exploit on a cross-chain bridge, sparking an investigation and a direct&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11573"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11573\/revisions"}],"predecessor-version":[{"id":11574,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11573\/revisions\/11574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11452"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}