North Korean hackers have exploited vulnerabilities in Seedify's cross-chain bridge, draining $1.2 million through the minting of unauthorized SFUND tokens. The breach involved the compromise of a developer's private key, allowing the hackers to mint these tokens against the bridge’s contract, which was expected to prevent such activities. Following the attack, the value of the SFUND token dropped by nearly 35%, now trading at $0.28, down from $0.42 before the breach. Blockchain analyst ZachXbt linked the theft to ongoing DPRK operations, highlighting a pattern of aggressive targeting within the DeFi sector. Experts emphasize the need for robust security measures, including monitoring on-chain activities and enforcing multi-signature approvals to safeguard against future attacks. The recent uptick in DPRK hacking threats stems from their drive to meet revenue goals, leading to a combination of coordination and rapid deployment of new tactics despite prior disruptions.

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