{"id":49372,"date":"2025-09-24T22:46:40","date_gmt":"2025-09-24T22:46:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49372"},"modified":"2025-09-24T22:46:40","modified_gmt":"2025-09-24T22:46:40","slug":"north-korean-hackers-drain-1-2m-from-seedify-bridge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49372","title":{"rendered":"North Korean Hackers Drain $1.2M from Seedify Bridge"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Seedify\u2019s bridge has been hit by yet another major crypto exploit, and this time, it\u2019s being tied to hackers from North Korea. Around <\/span><strong><span data-preserver-spaces=\"true\">$1.2 million<\/span><\/strong><span data-preserver-spaces=\"true\"> in funds were drained after attackers found a way to mint fake SFUND tokens. <\/span><span data-preserver-spaces=\"true\">Once they had those tokens in the system, they moved quickly, draining liquidity pools across different chains and swapping the fake assets for<\/span><span data-preserver-spaces=\"true\">\u00a0real ones.<\/span> <span data-preserver-spaces=\"true\">Most of the stolen value ended up on BNB Chain, making it <\/span><span data-preserver-spaces=\"true\">tougher<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">follow<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">How the Attack Unfolded<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">It started with a compromised private key. That was all the hackers needed to create unauthorized SFUND tokens, which they then pushed into liquidity pools on Ethereum, Arbitrum, and Base. <\/span><span data-preserver-spaces=\"true\">After extracting real value, they bridged their gains to the <\/span><span data-preserver-spaces=\"true\">BNB Chain.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I birthed Seedify from the pains of my past, with the last of my funds going into dex liquidity and airdrop fees.<\/p>\n<p>We didn&#8217;t raise vc money, didn&#8217;t ask for a dime from anyone, and gifted more than thirty thousand people our initial tokens.<\/p>\n<p>DPRK\/Lazarus decided to take everything\u2026 <a href=\"https:\/\/t.co\/ExJf2glVqN\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/ExJf2glVqN<\/a><\/p>\n<p>\u2014 Meta Alchemist (@meta_alchemist) <a href=\"https:\/\/twitter.com\/meta_alchemist\/status\/1970608087930405116?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">September 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">By spreading the attack across multiple networks and using different chains to <\/span><span data-preserver-spaces=\"true\">clean<\/span><span data-preserver-spaces=\"true\"> the funds, they made it harder for anyone to track them down or stop the damage in <\/span><span data-preserver-spaces=\"true\">real time<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">The Impact on SFUND<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">The token didn\u2019t stand a chance. SFUND\u2019s value dropped by roughly <\/span>35%<span data-preserver-spaces=\"true\">\u00a0once word of the attack spread. <\/span><span data-preserver-spaces=\"true\">Holders rushed to <\/span><span data-preserver-spaces=\"true\">pull<\/span><span data-preserver-spaces=\"true\"> their money <\/span><span data-preserver-spaces=\"true\">out<\/span><span data-preserver-spaces=\"true\">, and confidence took a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> hit.<\/span><span data-preserver-spaces=\"true\"> With fewer people willing to buy or hold the token, liquidity dried up almost instantly. <\/span><span data-preserver-spaces=\"true\">The panic wasn\u2019t just about the lost money, but about what the exploit meant for the <\/span><span data-preserver-spaces=\"true\">future of the project<\/span><span data-preserver-spaces=\"true\"> and its overall security.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">Why Seedify Was a Target<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Seedify operates a cross-chain bridge that connects its ecosystem to several blockchains. That makes it useful for users, but also a tempting target for attackers. The more networks you support, the more complex the system becomes, and with that complexity comes <\/span><span data-preserver-spaces=\"true\">more chances for something to go<\/span><span data-preserver-spaces=\"true\"> wrong. <\/span><span data-preserver-spaces=\"true\">In this case, it <\/span><span data-preserver-spaces=\"true\">looks like<\/span><span data-preserver-spaces=\"true\"> poor key management was all <\/span><span data-preserver-spaces=\"true\">it took<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">The bridge handled high volumes of traffic across multiple chains, so any weak link in that system <\/span><span data-preserver-spaces=\"true\">was going to<\/span><span data-preserver-spaces=\"true\"> be a <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\"> one.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-bnb\" data-coin-symbol=\"bnb\" data-price-usd=\"BNB Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/bnb-bnb-logo.svg\" alt=\"bnb logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">bnb<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BNB<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$151.65B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">1y<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68d46f0d2db26\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<h3><span data-preserver-spaces=\"true\">What This Says About DeFi Risks<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This is a reminder that even established crypto projects are vulnerable when it comes to bridges and smart contracts. Cross-chain tech is still maturing, and security gaps are everywhere. Once an attacker finds one, they don\u2019t waste time. Projects may be decentralized, but they still rely on critical points of control. If something like a private key isn\u2019t protected, the entire system can unravel in minutes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">And when state-backed hackers get involved, the stakes are even higher. <\/span><span data-preserver-spaces=\"true\">Groups tied to North Korea have been behind multiple <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> attacks in recent years, and this latest one <\/span><span data-preserver-spaces=\"true\">fits<\/span><span data-preserver-spaces=\"true\"> the same pattern: fast, coordinated, and <\/span><span data-preserver-spaces=\"true\">hard<\/span><span data-preserver-spaces=\"true\"> to trace.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">What Comes Next for Seedify<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Now the team has to clean up the mess. That means audits, transparency, and explaining what went wrong. They\u2019ll probably need to offer recovery plans or compensation, especially if they want to win back trust. At the same time, they\u2019ll need to strengthen everything behind the scenes, from how keys are stored to how permissions are managed across chains.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">People who lost money or are still holding SFUND will want answers. And they\u2019ll want to see real progress before trusting the project again.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">What Observers Should Watch<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">A few things matter here. <\/span><span data-preserver-spaces=\"true\">First, how <\/span><span data-preserver-spaces=\"true\">open<\/span><span data-preserver-spaces=\"true\"> Seedify is about the breach and what actions they take to prevent another.<\/span><span data-preserver-spaces=\"true\"> Second, whether anything is done to trace the stolen funds. <\/span><span data-preserver-spaces=\"true\">Third, <\/span><span data-preserver-spaces=\"true\">this would push<\/span><span data-preserver-spaces=\"true\">\u00a0other crypto projects to upgrade their own bridge security before something similar happens to them.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This isn\u2019t just about one project getting hit. It\u2019s about whether crypto can build safer systems before more money is lost and more bad actors take advantage.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        North Korean-linked hackers exploited Seedify\u2019s bridge to mint fake SFUND tokens and drained $1.2 million in real value.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The attackers used a compromised private key to launch a cross-chain exploit across Ethereum, Arbitrum, Base, and BNB Chain.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        SFUND\u2019s price crashed by around 35%, with liquidity drying up as panic spread and users exited quickly.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Seedify\u2019s cross-chain setup made it an attractive target, exposing the risks of poor key management and bridge vulnerabilities.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The attack highlights growing concerns around DeFi security and the increasing involvement of state-sponsored hacking groups.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/north-korean-hackers-drain-1-2m-from-seedify-bridge\/\">North Korean Hackers Drain $1.2M from Seedify Bridge<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Seedify\u2019s bridge has been hit by yet another major crypto exploit, and this time, it\u2019s being tied to hackers from North Korea. Around $1.2 million in funds were drained after attackers found a way to mint fake SFUND tokens. Once they had those tokens in the system, they moved quickly, draining liquidity pools across different [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49372","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49372"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49372\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}