$200K of $1.7M Seedify SFUND bridge exploit has been blacklisted, CZ confirms

This week, attackers took advantage of the SFUND bridge in Seedify, which resulted in losses of approximately $1.7 million across different ￰0￱ founder Changpeng Zhao confirmed that $200,000 of the money involved in the attack had been frozen on ￰1￱ Alchemist, the project’s partner, said the attackers drained funds through its OFT bridge ￰2￱ majority of losses were on the BNB Chain , where more than $1.2 million is still controlled by the attackers, which directly affects close to 64,000 ￰3￱ @cz_binance 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 $SFUND ￰4￱ they hold more than $1.2M in BNBchain: 0x14181636dd5BC8C6b8b47F8D0fd1b1e351B84bE4 A lot… — Meta Alchemist (@meta_alchemist) September 23, 2025 In response , Zhao said major exchanges blacklisted addresses associated with the ￰5￱ said the breach may be traced back to cyber units in North Korea, a suspicion supported by overlapping addresses linked to previous DPRK-related ￰6￱ noted, “Talked to a few security guys in the industry.

I believe they were able to help track it and froze $200k at HTX; the rest seem to remain ￰7￱ like North Korea ￰8￱ CEXs probably have these addresses on blacklists ￰9￱ luck!” Seedify’s security response and audit concerns Seedify acknowledged the exploit was from compromised developer ￰10￱ around 12:05 UTC, the attackers unlocked the Avalanche bridge contract and changed permissions to be able to mint unauthorized SFUND ￰11￱ project highlighted that the contract was submitted to an audit by a well-known company, further highlighting the breach’s ￰12￱ spite of this, billions of fake tokens were minted and exchanged for assets such as BNB and ￰13￱ mitigate the loss, Seedify hacked down all of the cross-chain bridges, revoked permissions, and liaised with centralized exchanges to freeze associated ￰14￱ team guaranteed that the liquidity on BNB Chain is no longer at ￰15￱ SFUND token dropped to almost 60%, briefly touching $0.05 before returning to $0.245.

After the rebound, the token realized a 42% loss per day, and monthly and year-to-year losses have now increased to 50% and 80%, ￰16￱ fall in prices left numerous holders with huge financial ￰17￱ residents in the community were lamenting, and others tagged blockchain investigators like ZachXBT to trace the stolen ￰18￱ co-founder of Seedify promised a bounty to encourage investigators to monitor the ￰19￱ Korea’s ongoing cyber footprint Analysts and blockchain investigators have increasingly linked state-sponsored activities of North Korean groups to major ￰20￱ Lazarus Group is the infamous cyber unit of the DPRK, reportedly involved in attacks like the Ronin bridge exploit worth over $620 million in ￰21￱ SFUND hack evidence indicates that addresses intersect with wallets belonging to Serenity Shield and other historical attacks, which were described as organized by DPRK groups.

On-chain data shows stolen funds are transferred using addresses that had been used in previous cybercrime incidents. Reportedly, hackers had stolen as much as $8.8 million, seemingly an exaggeration. Subsequently, it was established that the stolen amount of SFUND tokens reached $1.2 million, significantly impacting the BNB Chain ￰22￱ recognized the difficulty but reiterated that it would carry on with the ￰23￱ its most recent announcement, the group indicated that the incident would not hijack its long-term objectives in Web3 ￰24￱ Difference Wire helps crypto brands break through and dominate headlines fast