Security Teams Recover $200,000 from Seedify Hack on HTX

Industry collaboration has led to the freezing of $200,000 linked to the Seedify hack on HTX, with the hacker suspected to be from North Korea and multiple exchanges blacklisting related addresses.

BNB

Summary

Security teams tracked and froze approximately $200,000 linked to the Seedify hack on HTX, following an attack on Seedify's cross-chain bridge. The hacker, believed to have ties to North Korea, had illicitly minted SFUND tokens and sold them across multiple chains. The incident has prompted blacklisting of related addresses by multiple centralized exchanges. The BNB Chain team continues its investigation into the breach.

Terms & Concepts
  • Cross-Chain Bridge: A technology that allows different blockchain networks to connect and communicate, enabling the transfer of assets or data between chains.
  • SFUND: The native token of Seedify, a decentralized launchpad for blockchain projects, used for governance and participation in platform activities.
  • BNB: The native cryptocurrency of the Binance ecosystem, primarily used for transaction fees, staking, and governance within the Binance ecosystem.