Seedify $SFUND Bridge Exploit Leads to $1.2M Loss By DPRK Hack

Seedify, the decentralized incubator and launchpad platform, is now in trouble as $SFUND token bridge has mirrored a breach resulting in a loss of $1.2 million from the BNB chain

The exploit is said to have affected 64000 users. The information of the breach was disclosed by the founder of Seedify through an X post, noting that the bad actors have exploited a vulnerability in the platform’s cross-chain bridge contract.

An X post dated September 23, 2025, by Seedify notes that “DPRK-affiliated group known for several hacks in Web3 has gained access to one of the developer’s private keys, used it to mint massive amounts of SFUND token through a bridge contract that previously passed the audit.”

Today at approximately 12:05 UTC, a DPRK state-affiliated group known for many hacks in Web3 gained access to one of our developer’s private keys. Using these, they were able to mint a large amount of SFUND tokens through a bridge contract that had previously passed audit.The…

— Seedify (@SeedifyFund) September 23, 2025

Earlier on September 23, Todayq reported that the UXLINK token had been exploited, resulting in severe losses. Yet following the attack, the UXLINK community reached out to CEXs and DEXs for immediate

Seedify is in massive trouble

In a different X post, the founder of Seedify wrote that yesterday’s attack by the DPRK has made all our community suffer. This wasn’t one hacker but a state-sponsored hack verified by many sources. Instead of trying to take from people who have never done anything wrong, what if they used their knowledge of technology for good?

Yesterday’s attack by the DPRK made all of our community suffer. This wasn’t one hacker, but a state-sponsored hack verified by many different sources.Instead of trying to take from people who have never done them anything wrong, what if they used their knowledge of technology… pic.twitter.com/EIHOxLf4A1

— Meta Alchemist (@meta_alchemist) September 24, 2025

Over the breach, CZ of Binance said have 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 seems to be on chain. Looks like North Korea DRRK

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 on-chain. Looks like North Korea DPRK.Major CEXs probably have these addresses on blacklists now. Good luck!

— CZ BNB (@cz_binance) September 24, 2025

Since the last few years, North Korean hackers have continued to trouble the crypto market, and each year these bad actors have hit the Web3 industry by more than $1 billion in crypto

Earlier this year, it was reported that hackers linked to DPRK were responsible for $1.6 billion, primarily fueled by a record-breaking $1.5 billion of Bybit, a centralized crypto exchange.

Per estimates from Chainalysis in 2024, hackers from North Korea looted more than $1.30 billion, accounting for nearly 61% of all hacks globally in the Web3 sector.

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