---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-000425"
form_type: "8-K"
ticker: "LIFD"
cik: "0001391135"
company_name: "LFTD PARTNERS INC."
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T20:46:28.715920+00:00"
event_type: "cyber"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LFTD Partners loses $350k in USDC stablecoin theft; obtains insider loan for working capital

## Summary
- On April 1, 2025, $350k of USD Coin (USDC) stolen from Company's digital wallet by unauthorized third party.
- Company reported theft to FBI; outside law firm advising; cannot predict recovery of stolen funds.
- Entered interest-free, unsecured, demand loan of $350k from Beachin Company (affiliate of CEO/CFO) for short-term working capital.
- Cash position as of Dec 31, 2024 was $3.15M (including $1M restricted), down 41% YoY.
- Loan approved orally by lead independent director.

## SEC filing metadata
- accession: 0001096906-25-000425
- form_type: 8-K
- ticker: LIFD
- cik: 0001391135
- company_name: LFTD PARTNERS INC.
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: cyber
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391135/000109690625000425/0001096906-25-000425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391135/000109690625000425/lsfp-20250401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-000425
- JSON: https://secwatch.observer/filing/0001096906-25-000425.json
- Plain text: https://secwatch.observer/filing/0001096906-25-000425.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.