Seedify’s Token Dropped Nearly 60% After Suspected North Korean Hack

SFUND’s token price fell by 59.8% today after a bridge hack drained undetermined funds. At least $1.2 million is currently sitting on BNBChain, but rumors have speculated about $8.8 million in total thefts.

Crypto sleuths claim that on-chain evidence connects some of the theft wallets to Contagious Interview, a North Korean hacker group. Another dangerous organization might be attempting bolder crimes.

SFUND Hack Leaves Unanswered Questions

Seedify Fund, a Web3 incubator and launchpad, has powered several ecosystem features with its SFUND token in the last few years.

Unfortunately, however, the platform suffered a major setback today, as one of its founders notified the community of a major SFUND hack:

Hello everybody,

A drain bridge hack just happened on one of our $SFUND bridges. We are investigating the issue. We had audits on all these contracts, and been running the same bridge contracts for over 3 years.

We already contacted Layerzero as well.

We will be updating you…

— Meta Alchemist (@meta_alchemist) September 23, 2025

Rumors quickly began circulating that hackers stole $8.8 million, but this seems like an exaggeration. The hack targeted an SFUND bridge, not the core token.

Sleuths currently suspect that the vulnerability involved cross-chain messaging or bridge logic, but there hasn’t been explicit confirmation.

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Author: Landon Manning

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