CoinVoice has learned that FEG (Feed Every Gorilla) announced on platform X that FEGrox is actively investigating the irregular transactions and has requested additional support from PeckShield to identify the root cause.
In addition, FEG expressed understanding of the community's frustration. Over the past four years, its team has worked tirelessly to build this project, making countless sacrifices along the way. Therefore, they are committed to finding answers and resolving issues. Centralized exchanges have received notifications to halt trading, and updates will be shared once more information is available.
Preliminary investigations indicate that there may be a vulnerability in the Wormhole bridge, which had previously been audited. It is also important to emphasize that the SmartDeFi contract code does not appear to be compromised, and the SmartDeFi protocol has been suspended as a precaution. Projects built on this protocol remain safe.
CoinVoice previously reported that Cyvers Alerts posted on platform X, stating that today multiple suspicious transactions involving FEG (Feed Every Gorilla) were detected on chains like Ethereum and Base. The attacker deployed a malicious contract about 19 hours ago, and the current losses have exceeded 1 million dollars. [Original link]