{"id":172158,"date":"2025-09-24T22:00:56","date_gmt":"2025-09-24T19:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=172158"},"modified":"2025-09-24T19:28:07","modified_gmt":"2025-09-24T16:28:07","slug":"seedify-bridge-exploit-drains-1-7m-echoes-of-north-korean-attacks","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/seedify-bridge-exploit-drains-1-7m-echoes-of-north-korean-attacks\/","title":{"rendered":"Seedify Bridge Exploit Drains $1.7M, Echoes of North Korean Attacks"},"content":{"rendered":"

Attackers siphoned off an estimated $1.7 million after manipulating cross-chain infrastructure, leaving tens of thousands of token holders exposed and fueling renewed speculation about North Korean cyber involvement.<\/p>\n

How the breach unfolded<\/h2>\n

The attack targeted Seedify\u2019s OFT bridge, where compromised developer keys gave hackers full control over contract permissions. Exploiters minted billions of counterfeit SFUND tokens, quickly offloading them for assets including BNB and ETH. While most of the stolen funds remain on BNB Chain, Binance CEO Changpeng Zhao confirmed that blacklists were enacted across major exchanges, freezing about $200,000 tied to the exploit.<\/p>\n

The breach is particularly troubling given that Seedify\u2019s bridge contracts had previously passed external audits, underscoring how vulnerabilities in cross-chain systems continue to present prime targets. Despite increased scrutiny of bridges since the high-profile Ronin and Wormhole hacks, attackers are still finding ways to bypass security layers at scale.<\/p>\n

Market shock and community backlash<\/h2>\n

SFUND\u2019s price crashed in the immediate aftermath, plummeting nearly 60% before staging a partial recovery. Even after the rebound, the token closed the day more than 40% lower and remains down roughly 80% year-over-year. Nearly 64,000 wallets were directly affected, sparking widespread frustration across social media. Many users have called for independent investigators such as ZachXBT to trace the stolen assets and hold the attackers accountable.<\/p>\n

Seedify moved quickly to contain the damage by halting all bridge activity, revoking compromised permissions, and offering bounties to blockchain analysts who can track the funds. The project assured users that liquidity pools on BNB Chain remain secure and emphasized that its long-term roadmap for Web3 development is still intact.<\/p>\n

\n
Read More:<\/h5>\n \n
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Stripe and Visa Back Fold\u2019s New Bitcoin Rewards Credit Card<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

Possible North Korean connection<\/h2>\n

Security researchers have flagged potential ties between the Seedify incident and previous exploits attributed to North Korea\u2019s Lazarus Group. Wallet addresses linked to the stolen funds appear to overlap with accounts involved in earlier state-backed hacks, including the infamous Ronin Bridge exploit of 2022. If confirmed, this would add to the growing list of high-value DeFi breaches tied to the DPRK\u2019s cyber operations.<\/p>\n

While early reports estimated losses as high as $9 million, current investigations place the confirmed figure closer to $1.7 million. Despite the lower tally, the exploit remains a serious blow to Seedify\u2019s credibility and highlights the broader fragility of bridge technology in crypto\u2019s infrastructure stack.<\/p>\n

The bigger picture<\/h2>\n

The Seedify exploit reinforces the view that bridges remain one of the most vulnerable components of decentralized finance. With billions in assets flowing across chains daily, attackers are targeting them with increasing sophistication. Until developers find ways to make these systems both open and verifiable, experts warn, exploits of this kind may continue to plague the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto industry has been shaken once again by a fresh bridge exploit, this time hitting Seedify\u2019s SFUND ecosystem.<\/p>\n","protected":false},"author":7,"featured_media":80178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[426,258,92,260,424,108],"coin_category":[],"class_list":["post-172158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-binance","tag-bnb","tag-bnb-chain","tag-changpeng-zhao","tag-crypto","tag-price"],"acf":[],"yoast_head":"\nSeedify Bridge Exploit Drains $1.7M, Echoes of North Korean Attacks<\/title>\n<meta name=\"description\" content=\"The crypto industry has been shaken once again by a fresh bridge exploit, this time hitting Seedify\u2019s SFUND ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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