PeckShield Warns SFUND Users After $15M Bridge Exploit Drains Liquidity – Token Tanks 50% (September 2025)
- What Happened to SFUND’s Bridge Exploit?
- How Is Seedify Responding to the Crisis?
- Why Does This Hack Matter Beyond SFUND?
- What’s Next for SFUND Investors?
- FAQ: Your SFUND Hack Questions Answered
Blockchain security firm PeckShield has issued an urgent warning to SFUND token holders after a bridge exploit drained liquidity pools, causing the token’s price to plummet 50% overnight. Seedify founder Meta Alchemist confirmed ongoing investigations, with LayerZero and cybersecurity teams involved. The hack follows a troubling trend of AI-fueled crypto exploits in 2025, including a $91M Bitcoin heist and multiple exchange breaches. Here’s what investors need to know.
What Happened to SFUND’s Bridge Exploit?
PeckShield dropped a bombshell alert on September 23, 2025: SFUND’s bridge contracts had been compromised, with hackers draining undisclosed amounts from liquidity pools. The security firm explicitly warned users to avoid all SFUND bridges immediately. What makes this shocking? These same contracts had been audited and operational for three years without issues, according to Seedify founder Meta Alchemist.
The exploit triggered panic selling, with SFUND’s price nosediving 50.07% to $0.2132 within 24 hours (CoinMarketCap data). Market cap evaporated to $15.88 million as investors questioned Seedify’s security measures. I’ve seen bridge hacks before, but the speed of this liquidity drain was particularly brutal – funds were already being moved through multiple wallets when PeckShield sounded the alarm.
How Is Seedify Responding to the Crisis?
Meta Alchemist isn’t taking this lying down. The Seedify founder has:
- Engaged LayerZero’s forensic team
- Offered a “huge bounty” to blockchain sleuth Zachxbt for help
- Pledged full cooperation with law enforcement
On his X account, Alchemist stressed: “We had audits… running these bridges for 3 years.” This raises uncomfortable questions about whether audits alone are enough in 2025’s hack-heavy climate. Seedify’s SFUND token isn’t just another altcoin – it’s the lifeblood of their Web3 incubator platform, used for staking, governance, and funding new gaming projects.
Why Does This Hack Matter Beyond SFUND?
This isn’t an isolated incident. PeckShield recently flagged:
| Incident | Date | Loss |
|---|---|---|
| Shibarium validator key leak | September 2025 | $2.8M |
| BtcTurk exchange hack | August 2025 | $54M |
| Unnamed Bitcoin whale attack | August 2025 | $91.4M |
The bigger picture? 2025 has been crypto’s worst year for hacks, with $3.01 billion stolen by mid-year (PeckShield data). What’s chilling is how AI is democratizing cybercrime – even low-skilled attackers can now execute sophisticated exploits. Ironically, Seedify itself hosted an “AI Agent Hackathon” earlier this year to explore decentralized AI applications. The unintended consequences are painfully clear.
What’s Next for SFUND Investors?
While Seedify works to contain the damage, traders on BTCC and other exchanges are grappling with:
- Liquidity crunch from bridge withdrawals
- Loss of confidence in project security
- Potential regulatory scrutiny
The BTCC research team notes that SFUND’s staking APYs became unsustainable pre-hack (peaking at 187%), possibly attracting bad actors. This article doesn’t constitute investment advice, but historically, tokens losing >50% in a day take months to recover – if ever.
FAQ: Your SFUND Hack Questions Answered
How much was stolen in the SFUND bridge exploit?
While exact figures aren’t public yet, the 50% price drop suggests losses likely exceed $15 million based on market cap changes.
Should I move my SFUND tokens?
PeckShield explicitly warns against using SFUND bridges. If holding, consider cold storage until the investigation concludes.
Is this related to the AI hacking trend?
While unconfirmed, the precision of the attack aligns with PeckShield’s warnings about AI-powered exploits in 2025.
