PANews reported on December 29 that FEG (Feed Every Gorilla) announced on the X platform that FEGrox is actively investigating the irregular transactions and has requested additional support from PeckShield to identify the root cause. Furthermore, FEG expressed understanding of the community's frustration, stating that its team has dedicated itself to building this project over the past four years, making countless sacrifices along the way. Therefore, they are committed to finding answers and resolving the issues. Centralized exchanges have been notified to halt trading, and updates will be shared as more information becomes available.
Preliminary investigations suggest that there may be a vulnerability in the wormhole bridge, which has been audited previously. It should also be emphasized that the SmartDeFi contract code does not appear to be compromised, and the SmartDeFi protocol has been paused as a precaution. Projects built on this protocol remain safe.
According to previous reports, Cyvers Alerts detected multiple suspicious transactions involving FEG on the Ethereum, BNB, and Base chains.