SFUND Token Plummets Nearly 60% Following Bridge Hack

[bonk]

Seedify Fund’s SFUND token suffered a dramatic 59.8% drop today after a bridge hack drained funds from the ecosystem. While at least $1.2 million remains on BNBChain, some reports speculate the total theft could reach $8.8 million, though this figure is unconfirmed.

The hack targeted SFUND’s cross-chain bridge, not the core token, prompting developers to warn users to avoid using any SFUND bridges until further notice. Despite no major token dumps occurring yet, the market reacted sharply to the security breach, underscoring the risks associated with cross-chain protocols.

[Abdul Khan]

Good that SFUND core token wasn’t hit, but bridge exploits are brutal Devs warning users off bridges shows how risky cross-chain still is.

[Nahid Hossen]

Market dip without token dumps says it all — sentiment reacts instantly to bridge hacks. Cross-chain security has to level up.