CZ confirms $1.2M Seedify hack, points to North Korea
The Seedify ($SFUND) community was hit by a major attack: hackers exploited a bridge vulnerability and siphoned more than $1.2M across multiple networks, including BNB Chain, Polygon, Arbitrum, and Base.
According to researcher Meta Alchemist, attackers minted billions of fake SFUND tokens and swapped them for BNB and ETH, draining liquidity pools. On BNB Chain, they sold 8.7M SFUND worth about $1.2M, while on Base they stole 141 ETH. Total losses are estimated at around $1.7M.
The stolen funds were dispersed across numerous addresses, complicating tracking. However, about $200K was frozen on the HTX exchange, Binance co-founder Changpeng Zhao (CZ) reported. He added that while the remaining assets are still on-chain, their addresses have already been blacklisted by major exchanges.
CZ also said the attack “looks like the work of North Korean hackers.” Suspicion grew after an overlap was found with wallets previously tied to the Lazarus Group, which has been linked to some of the largest crypto hacks, including the $620M Ronin Bridge theft in 2022.
SFUND’s price plunged nearly 60% to $0.05 before recovering slightly to $0.17. Investors suffered not only financial losses but also a blow to confidence.
BNB Chain confirmed it is investigating the incident. The case once again underscored the vulnerability of cross-chain bridges, one of the weakest links in DeFi infrastructure.
Previously, CZ warned the crypto industry about new attacks by North Korean hackers, who pose as job seekers or IT staff to infiltrate companies and steal user data and internal system access.
