SFUND Token Plummets 99% After North Korean Hackers Exploit Seedify Bridge

North Korean hackers linked to the 'Contagious Interview' group executed a devastating attack on Seedify's cross-chain bridge, stealing $1.2 million and triggering a 99% collapse in SFUND's value. The breach occurred at 12:05 UTC on September 23, 2025, when attackers compromised a developer's private keys to exploit a vulnerability in Seedify's Avalanche-based bridge contract.

The hackers minted unauthorized SFUND tokens and dispersed them across Ethereum, Arbitrum, and Base networks before liquidating most holdings on BNB Chain. This systematic drainage of liquidity pools left the token trading at pennies after crashing from $0.43. Seedify founder Levent Cem Aydan lamented the destruction of 4.5 years' work in a single exploit, noting the targeted contracts had previously passed third-party security audits.

The incident marks another entry in North Korea's growing ledger of cryptocurrency heists, raising fresh concerns about bridge security in DeFi ecosystems. Market observers note the attack's precision suggests advanced knowledge of Seedify's infrastructure, with the rapid cross-chain fund movement demonstrating sophisticated laundering techniques.