The crypto gaming launchpad, Seedify, has fallen victim to a sophisticated cyberattack resulting in the theft of millions in its native token, SFUND. The attack is attributed to the notorious North Korean hacking syndicate Lazarus Group, an entity already known for its large-scale incursions into the decentralized finance ecosystem. The incident has caused a drastic drop in the asset’s price and has raised alarms throughout the investment community.
The digital offensive was executed through an advanced security vulnerability, allowing the attackers to drain liquidity funds. Although the exact figure has not been confirmed, internal sources suggest the amount stolen is significant. Seedify responded quickly to the incident, pausing all contracts and operations to prevent further losses and to launch a thorough investigation. The security team is working with external experts to trace the funds and reinforce its infrastructure.
The Unmistakable Signature of a State Actor
This hack is not an isolated event; it is part of North Korea’s persistent strategy to fund its programs through digital assets. Lazarus Group has a criminal record that includes some of the largest thefts in cryptocurrency history. Their modus operandi, combining phishing, malware, and smart contract exploitation, highlights the growing sophistication of state-sponsored cybercriminals and the inherent vulnerability of many DeFi platforms.
The market’s reaction was immediate. Following the news, the price of SFUND plummeted by more than 30% within hours, reflecting panic among token holders. Events like this not only affect the project involved but also create a wave of distrust across the launchpad and play-to-earn gaming sectors, reminding investors of the systemic risks associated with protocol security.
The Seedify team has stated that their priority is to compensate affected users and strengthen their defenses for the future. This incident underscores the critical need for more rigorous security audits and greater industry collaboration to combat these threats. As the ecosystem matures, the fight against organized cybercrime becomes a fundamental pillar for ensuring the long-term sustainability and mass adoption of cryptocurrencies.
