SFUND Token Crashes 99% as North Korean Hackers Drain $1.2M from Seedify Bridge

SFUND, the official token of Seedify, plummeted by 99% after North Korean hackers extracted $1.2 million from the DAO ￰1￱ approximately 12:05 UTC on September 23, a state-affiliated group notorious for multiple Web3 exploits, linked to the DPRK, gained access to a Seedify developer’s private ￰2￱ these credentials, they minted substantial amounts of SFUND tokens through a bridge contract that had previously undergone audit ￰3￱ North Korean Hackers Drained SFUND Liquidity Across 4 Major Chains According to an official X post , Seedify confirmed that the North Korean hacker breach resulted from a private key compromise, allowing attackers to modify settings and mint unauthorized tokens on ￰4￱ at approximately 12:05 UTC, a DPRK state-affiliated group known for many hacks in Web3 gained access to one of our developer’s private ￰5￱ these, they were able to mint a large amount of SFUND tokens through a bridge contract that had previously passed audit.

The… — Seedify (@SeedifyFund) September 23, 2025 Seedify revealed that the contract should not have permitted token minting without corresponding bridged tokens, as they employed one of the world’s most trusted and experienced auditors to review the smart contracts and received assurance that the code represented secure, audit-approved contracts. “ We will be in touch with our auditors and security experts to review the security of all our other infrastructure ,” the team ￰6￱ bridged stolen tokens to Ethereum, Arbitrum, and Base, draining liquidity pools before moving the maximum amounts to BNB Chain for sale.). ￰0￱ ￰7￱ — ZachXBT (@zachxbt) September 23, 2025 “We Didn’t Come This Far to Come This Far”—Seedify Founder Vows Comeback Seedify founder Levent Cem Aydan (popularly known as Meta Alchemist) expressed his frustration with the ￰8￱ a recent X post , he shared that he created Seedify from personal hardship, investing his final funds into DEX liquidity and airdrop fees. “ We didn’t raise VC money, didn’t ask for a dime from anyone, and gifted more than thirty thousand people our initial ￰9￱ decided to take everything we built over 4.5 years in one hack .” He confirmed that the contracts were audited and believed to be secure, but North Korean hackers found a vulnerability and exploited it.

However, he remained resolute that the team would not be defeated. “ We didn’t come this far to come this far, and there are so many people’s hard-earned money in here .” He added that they would announce their plan to rise like a phoenix by tomorrow and thanked the community for its ongoing support. Six-Figure Investor Watches SFUND Portfolio Sink 99% to $0.00005504 Alpha Collective founder Joseph Jaffe, who invested six figures in SFUND, publicly lamented that his investments are now underwater as the Seedify token dropped 99% to an all-time low of $0.00005504. what just happened here??? i invested six figures in january and never sold a coin sigh ￰10￱ — Abhi | AP Collective (@0xAbhiP) September 23, 2025 However, following the Seedify team’s urgent response efforts, the token has rebounded to $0.28 but remains down more than 78% from the $2.34 mark it held just a month ￰11￱ North Korean state-affiliated hacker group, commonly known as Lazarus, has executed a $1.5 billion heist, the largest connected to the crypto exchange Bybit this year Additionally, cybersecurity experts from Cyvers have linked the Lazarus Group to the July 19 hack on the Indian crypto exchange CoinDCX, which compromised $44 ￰12￱ targets include Ronin Bridge (March 2022, $625 million), Poly Network (August 2021, $600 million), and WazirX (July 2024, $235 million).

Since 2017, the group has stolen $3-6 billion in crypto assets, allegedly funding North Korea’s nuclear and missile ￰13￱ founder Changpeng Zhao, also known as “CZ,” recently revealed that these hackers now infiltrate crypto companies through fake job applications, fraudulent interviews, and employee ￰14￱ outlined three attack methods: posing as developer/security candidates, conducting malware-laden interviews, and bribing vendors for data access.