Blockchain security company Peckshield warns SFUND users not to use SFUND bridges. According to the company, a drainage bridge hack occurred at one of the SFUND bridges.
According to Meta Alchemist, the founder of Seedify, a Web 3 incubator and LaunchPad platform, is The investigation is underway. On his X account, he wrote, “We’ve been audited for all these contracts and have been running the same bridge agreement for over three years.”
The MetaAlchemist also says they will contact Layerzero and provide updates as the investigation progresses. We also work fully with law enforcement and cybersecurity teams when tracking hackers. Peckshield, announcement It appears to be using Seedify to find a solution.
Seedify asks for more help as SFUND tank 50%
The MetaAlchemist is urgently calling on Zachxbt and offering generous rewards to help find hackers and resolve the situation. He said, “Zachxbt, if you could help us find a hacker and resolve this situation, we would like to give you a huge prize for this.”
According to Meta Alchemist, the incident is urgent as hackers are moving funds from emitting liquidity pools after being covered from the bridge.
#peckshieldalert $sfund price is -50% pic.twitter.com/rpwlq4m0ug
– Peckshieldalert (@peckshieldalert) September 23, 2025
Meanwhile, the exploit caused a significant price drop. Sfund has seen 50.07% decline In the last 24 hours. The coin is currently trading at $0.2132. Furthermore, the market capitalization has dropped by 50%, currently at $15.88 million. The decline reflects investors’ concerns about network security vulnerabilities.
SeedifyFund will help you launch a new blockchain game project. The platform’s SFUND token is important here. Investors use SFUND to fund projects and participate in decision-making. Users will use SFUND to fund new game projects listed directly on Seedify.
The hack follows another report by Peckshield about suspicious activity at the Shabbalium this month. As It has been reported With cryptopolitanism, security detectives discovered a validator key leaked into cybus wap, resulting in an estimated $2.8 million loss through siv token withdrawals.
AI contributes to the 2025 crypto hack
In the first half of 2025, one of the worst waves of crypto hacks ever, with over $3.01 billion being stolen. AI was a large part of it, making it easier to run fraud and even low-skilled criminals involved in the action.
Seedify launched the “Agent Future Seeds” AI Agent Hackathon earlier this year. The event aims to invite innovators, developers and creators around the world to redefine the potential of AI agents within a distributed ecosystem.
This raises the question: Does the platform dig its own grave? For example, Coinbase CEO Brian Armstrong said that AI is currently generating around 40% of Exchange’s code, and is expected to exceed 50% by October 2025.
Meanwhile, August has proven to be even more expensive for the digital asset industry, with blockchain security company PeckshieldAlert reporting that hackers stole $163 million in 16 major exploits. The figure, up 15% from $142 million in July, highlights persistent security vulnerabilities within the sector.
According to the breakdown, the five biggest cases account for 99% of total losses, highlighting how some famous violations distort monthly numbers. Bitcoin owners were the target of the worst attack, losing $91.4 million in one hack.
Exchanges and platforms were also inevitable. In August, $54 million was stolen from Btcturk, one of Türkiye’s best trading locations. This was done after a $54 million violation in June 2024, and acquired the total amount lost to over $100 million.
Small but still damaging cases have been colliding with decentralized projects and financial companies. $7 million was filmed by Odin Fun, $5 million was stolen from Betterbank.io and $4.5 million was taken from Credix Finance. These leaks aren’t as big as the top two, but show how attackers can target different types of systems.
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