Seedify
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 28 → 53. Problems weighed by who is responsible: concerns that are not fraud −12.8, incidents the subject suffered −6.4, problems around the subject, caused by others −0.8; legitimacy credit long-running +8. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -12.8 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -0.8 |
| Long-running | +8 |
| Sum | 53 |
Score: 53/100 (kept between 0 and 100)
How scoring works →Summary
Seedify (Seedify.fund) is a blockchain gaming incubator and IDO/IGO launchpad founded in February 2021 by Levent Cem Aydan, operating on BNB Chain, Ethereum, and Avalanche with its native SFUND token. The platform suffered a critical $1.2–1.7 million bridge exploit in September 2025 attributed by ZachXBT and CZ (Binance) to the North Korean DPRK-affiliated 'Contagious Interview' hacking campaign, causing SFUND to collapse approximately 80–99% and affecting approximately 64,000 token holders. The platform's SFUND token has declined more than 99% from its November 2021 all-time high of approximately $17.67, and the project has been flagged by ZachXBT in connection with the on-chain forensics tying the exploit to state-sponsored theft infrastructure.
Connected Entities
10 entities · 60 linked investigations- Serenity Shield→mentioned with→ZachXBT(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- HTX (Huobi) Exchange→mentioned with→Binance(65%)
- HTX (Huobi) Exchange→mentioned with→HTX(70%)
- HTX→mentioned with→Ethereum(60%)
- HTX→mentioned with→HTX (Huobi) Exchange(80%)
- Seedify→mentioned with→Changpeng Zhao(80%)
- Seedify→mentioned with→Serenity Shield(80%)
- + 12 more
Connected Through
10 shared actors · 599 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □ZachXBTorganization
- □Binanceorganization
- □Arbitrumorganization
Timeline(9 events)
February 2021
Seedify.fund founded by Levent Cem Aydan as a blockchain gaming incubator and IDO launchpad; SFUND token launches at approximately $0.40.
29 November 2021
SFUND reaches all-time high of approximately $17.67, representing a roughly 4,300% gain from launch price.
2022
SFUND begins sustained decline throughout 2022, losing approximately 90% of value by year-end, falling from $8.40 to approximately $0.81.
April 2022
Seedify claims to introduce refund system for launchpad participants, described as a first in the IDO launchpad industry.
23 September 2025
North Korean DPRK-affiliated hackers ('Contagious Interview' campaign) exploit Seedify's SFUND cross-chain bridge on Avalanche via stolen developer private key, draining approximately $1.2–1.7 million. SFUND token collapses approximately 80–99% intraday. An estimated 64,000 token holders affected.
23 September 2025
ZachXBT links theft wallets to DPRK 'Contagious Interview' on-chain forensics. Binance CZ confirms approximately $200,000 frozen at HTX exchange.
10 October 2025
Seedify launches 'Phoenix Raise' — a 24-hour bonding-curve token sale — to recapitalize the platform and relaunch SFUND under a new contract with a 1:1 migration for legacy holders.
November 2025
Seedify introduces 'Futarchy Milestones' launch model designed to prevent rug pulls by placing project funds in community-controlled escrow.
13 January 2026
SFUND reaches all-time low of approximately $0.089, down approximately 99.9% from November 2021 peak.
Decision Log
- slot 455367826 · hash GpdVTg5qxyZ8Zq1tZaKHkTti97VvRqhjir8tHveRZsdr
- slot 422312368 · hash 2DHLhYK1cWZPGkK7HHoqdSBSrpAvJbSuLsjjGgDptmWs
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 17 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:15 AM
last updated: 10/10/2026, 6:47:48 PM
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