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2w ago

Seedify Bridge Breach Linked to DPRK Triggers SFUND Price Collapse

Investigators say a stolen developer key enabled unauthorized minting through an audited bridge, leaving most proceeds uncaptured despite about $200,000 frozen by exchanges.

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Overview

  • At 12:05 UTC on Sept. 23, attackers accessed a Seedify developer’s key and used bridge permissions to mint large amounts of SFUND, then dumped tokens across networks including BNB Chain, Ethereum, Arbitrum and Base.
  • Seedify halted trading, disabled all bridges, revoked compromised permissions, blacklisted attacker wallets and offered bounties to aid tracing and recovery.
  • On-chain analysis by Seedify and ZachXBT linked the theft addresses to DPRK “Contagious Interview” campaigns, with security researchers urging multi-signature controls and continuous monitoring for bridges.
  • Reported loss estimates range from roughly $1.2 million to about $1.7 million, and Binance’s Changpeng Zhao said around $200,000 was frozen at HTX while most funds remain on-chain.
  • SFUND saw an extreme intraday plunge nearing 99% before partial stabilization around $0.21–$0.28, with about 64,000 holders affected on BNB Chain.