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Seedify scandal: SFUND-TOKEN falls into the bottom 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 falls into the bottom after hacker attack!
On October 6, 2025, Seedify reached a critical event that shook the crypto community. Seedify's Sedify token collapsed by almost 100 %when the price of $ 0.43 fell almost to zero-and that within a few minutes. [Crypto.news] reports that this dramatic decline was triggered by a confirmed exploit of a cross-chain bridge that took place on September 23, 2025.
A total of around 64,000 owners were affected, with assets worth around $ 1.2 million in danger. During the incidents, the trade was immediately stopped, malignant addresses were placed on a black list and all bridges were temporarily deactivated. Seedify's founder, Levent Cem Aydan, confirmed the incident and explained that attackers had gotten large quantities of Sfund over several blockchains and then sold.
The attack and its consequences
Aydan turned in a public call to Changpeng Zhao, the founder of Binance, to receive support in recovering the stolen assets. The investigation showed that the attack was carried out by a group that is assigned to the North Korean state. This group had apparently obtained access to the private keys of a developer, which made it possible for them to unlock the bridge contract on the Avalanche blockchain and not authorized tokens.
The incident occurred at 12:05 UTC. Seedify cooperated with centralized stock exchanges in order to stop the trade and revoke compromised permissions. The team assured users that there were no ongoing risks for liquidity on the Bnbchain at this point.
To get the attackers on the track, Aydan offered a bounty on the blockchain investigator ZachxBT. This shows the seriousness of the situation and the will of Seedify to clarify the matter and help users affected.
Stabilization and outlook
Although the SFUND token stabilized to around $ 0.21 after the incident, the crypto community remains concerned about the effects of such attacks and the safety precautions that are necessary to prevent similar incidents. The confidence in the security of crypto projects could be significantly impaired by these events, which means that users and investors act more carefully.