CZ Confirms $200K Frozen After $1.7M Seedify SFUND Bridge Exploit
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- Hackers exploited Meta Alchemist’s bridge, stealing $1.2M in $SFUND.
- CZ confirmed $200K frozen at HTX, with most funds still on-chain.
- DPRK-linked hackers suspected; addresses blacklisted by major exchanges.
Binance founder Changpeng Zhao (CZ) confirmed that $200,000 has been frozen at HTX following an SFUND bridge exploit. The hack targeted Meta Alchemist’s bridge and OFT contract, allowing attackers to mint new tokens and transfer them across multiple chains.
The majority of the stolen funds were sold on BNB Chain, where SFUND holds its largest user base. According to Meta Alchemist, the attackers currently control more than $1.2 million on BNB Chain, affecting approximately 64,000 holders.
CZ Provides Update on Frozen Funds
In response, CZ stated that he had spoken with security experts across the industry following the breach. He confirmed that $200,0…
Read The Full Article CZ Confirms $200K Frozen After $1.7M Seedify SFUND Bridge Exploit On Coin Edition.
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CZ Confirms $200K Frozen After $1.7M Seedify SFUND Bridge Exploit
Share:
- Hackers exploited Meta Alchemist’s bridge, stealing $1.2M in $SFUND.
- CZ confirmed $200K frozen at HTX, with most funds still on-chain.
- DPRK-linked hackers suspected; addresses blacklisted by major exchanges.
Binance founder Changpeng Zhao (CZ) confirmed that $200,000 has been frozen at HTX following an SFUND bridge exploit. The hack targeted Meta Alchemist’s bridge and OFT contract, allowing attackers to mint new tokens and transfer them across multiple chains.
The majority of the stolen funds were sold on BNB Chain, where SFUND holds its largest user base. According to Meta Alchemist, the attackers currently control more than $1.2 million on BNB Chain, affecting approximately 64,000 holders.
CZ Provides Update on Frozen Funds
In response, CZ stated that he had spoken with security experts across the industry following the breach. He confirmed that $200,0…
Read The Full Article CZ Confirms $200K Frozen After $1.7M Seedify SFUND Bridge Exploit On Coin Edition.
Read More
Changpeng Zhao Defiantly Refutes False Legal Threat Claims Over Binance Bankruptcy Rumors