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Seedify scandal: SFUND token plummets after hacker attack!
Seedify's SFUND token crashed by 99% after a hack; 64,000 users affected. Find out more about the incident and the response.
Seedify scandal: SFUND token plummets after hacker attack!
On October 6, 2025, Seedify reached a critical event that shook the crypto community. Seedify's SFUND token collapsed by nearly 100% as the price fell from $0.43 to near zero - all in a matter of minutes. [crypto.news] reports that this dramatic decline was triggered by a confirmed cross-chain bridge exploit that occurred on September 23, 2025.
In total, approximately 64,000 holders were affected, with approximately $1.2 million worth of assets at risk. During the incident, trading was immediately halted, malicious addresses were blacklisted, and all bridges were temporarily disabled. Seedify's founder, Levent Cem Aydan, confirmed the incident and explained that attackers had mined large amounts of SFUND across multiple blockchains and then sold them.
The attack and its consequences
Aydan made a public appeal to Binance founder Changpeng Zhao for assistance in recovering the stolen assets. The investigation revealed that the attack was carried out by a group associated with the North Korean state. This group had apparently gained access to a developer's private keys, which allowed them to unlock the bridge contract on the Avalanche blockchain and mine unauthorized tokens.
The incident occurred at 12:05 UTC. Seedify cooperated with centralized exchanges to stop trading and revoke compromised permissions. The team assured users that there were no ongoing risks to liquidity on BNBChain at this time.
In order to track down the attackers, Aydan offered a bounty on the blockchain investigator ZachXBT. This shows the seriousness of the situation and Seedify's willingness to resolve the matter and help affected users.
Stabilization and outlook
Although the SFUND token stabilized at around $0.21 following the incident, the crypto community remains concerned about the impact of such attacks and the security precautions needed to prevent similar incidents. Confidence in the security of crypto projects could be significantly affected by these events, causing users and investors to act more cautiously.