An attacker exploited bridges for SFUND, the token issued by the Seedify launchpad and incubator. It appears the exploiter has profited around $1.7 million from the theft. Seedify issued a statement announcing the theft, and said the bridge contracts that were exploited had been deployed for three years. The SFUND token crashed in price by around 80% before recovering somewhat.Seedify has been a launchpad for blockchain games, NFT projects, and other web3 products. The team recently has embraced “vibe coding” — a practice in which people rely heavily on AI to generate code.

Total loss estimated at $1,700,000.