$SFUND collapse shows how fragile crypto security really is 🥶
A brutal hack traced to North Korean attackers has left the project in ruins
- developer’s private key was stolen
- hackers minted millions of fake tokens
- $1.2M in liquidity drained across multiple chains
Price crashed from $0.0045 to almost zero
This isn’t just about $SFUND, I still remember the $CETUS exploit on the #SUI ecosystem that drained top tier projects
Security failures like these remind me that one weak link can sink everything
In crypto, security isn’t optional, it’s survival
Show original
20.25K
120
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.