Seedify Bridge Suffers $1.2M Hack, $SFUND Crashes Nearly 60%

Impact

• Token Holders Affected: 64,000+ (mainly on BNB Chain)
• Total Loss: ~$1.2M in $SFUND (confirmed)
• Token Price:
  • Pre-hack: ~$0.43
  • Post-flash crash: ~$0.0537 (all-time low)
  • Sep 24 close: ~$0.18–$0.25
• Market Cap Drop: From ~$27–30M to ~$13–15M
• 24h Trading Volume: Spiked to $12–25M amid panic and rebounds

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Who Did It?

On-chain investigation by ZachXBT suggests the attacker wallets may be linked to a lesser-known North Korean group, “Contagious Interview.” While not the infamous Lazarus Group, the incident signals growing DPRK involvement in DeFi hacks.

Seedify’s Response

• Paused all bridge transactions
• Blacklisted attacker wallets
• Initiated full audit of smart contracts
• Engaged Binance and ZachXBT for fund recovery
• Offered public transparency and urged holders to revoke token approvals

Community Sentiment

X (Twitter) exploded with reactions. Mentions of $SFUND rose over 1,500%.

• Bearish: “This is brutal. Capitulation not over.”
• Cautiously Bullish: “Horrible hack, but response was fast. Could recover.”
• Trending Themes: Blame on bridge security, DPRK link, calls for off-bridge staking, and $SFUND shorting.

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Key Takeaways

• Cross-chain bridges remain a critical attack surface.
• Audits are not a guarantee; private key compromise can bypass them.
• Seedify’s fast containment likely prevented larger losses.
• Long-term recovery depends on user trust and platform hardening.

For now, users are advised to avoid unofficial bridge tools, check approvals, and follow official Seedify updates only.