FEG (Feed Every Gorilla) announced on platform X that FEGrox is actively investigating the violation of trading rules and has requested additional support from PeckShield to identify the root cause. Furthermore, FEG expressed understanding of the community's frustration, stating that over the past four years, its team has dedicated itself to building this project, making countless sacrifices along the way. Therefore, they will be committed to finding answers and resolving the issues. Centralized exchanges have been notified to stop trading, and updates will be shared as more information becomes available.
Preliminary investigations indicate there may be a vulnerability in the wormhole bridging, which had previously been audited. It is also important to emphasize that the SmartDeFi contract code appears to be unaffected, and the SmartDeFi protocol has been suspended as a precaution. Currently, projects built on this protocol remain safe.