According to BlockBeats, on December 29, the multi-chain DeFi protocol FEG (Feed Every Gorilla) announced on the X platform that it is actively investigating irregular trading activities. The team has enlisted the help of PeckShield to identify the root cause of the issue. FEG acknowledged the community's frustration, emphasizing the team's dedication over the past four years, during which they have made numerous sacrifices to develop the project. They are committed to finding answers and resolving the problem. Centralized exchanges have been notified to halt trading, and updates will be provided as more information becomes available.
Preliminary investigations suggest a potential vulnerability in the wormhole bridge, which had previously undergone an audit. It is important to note that the SmartDeFi contract code appears to be unaffected. As a precautionary measure, the SmartDeFi protocol has been paused, but projects built on this protocol remain secure.