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Seedify.fund, a Web3 gaming and metaverse launchpad, was hit by a major exploit on its bridge - minting and dumping $1.2M worth of $SFUND.
Author: Sahil Thakur
24th September 2025 – Seedify.fund, a Web3 gaming and metaverse launchpad, was hit by a major exploit on its bridge on September 23, 2025. Hackers targeted its cross-chain bridge, minting and dumping $1.2M worth of $SFUND. The exploit triggered a flash crash and 57–60% price drop, affecting 64,000 holders. Initial forensics suggest ties to a North Korean hacking group.
On September 23, around 12:05 UTC, attackers exploited a vulnerability in Seedify’s bridge contract (built using LayerZero’s OFT standard). Using stolen private keys, they altered contract permissions and minted illegitimate $SFUND tokens. These were bridged to BNB Chain and dumped into the market.
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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.
X (Twitter) exploded with reactions. Mentions of $SFUND rose over 1,500%.
For now, users are advised to avoid unofficial bridge tools, check approvals, and follow official Seedify updates only.
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