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. Furthermore, FEG expressed understanding of the community's frustration and stated that its team has dedicated itself to building this project over the past four years, making numerous sacrifices along the way. Therefore, they are committed to finding answers and resolving the issues. The centralized exchange has been notified 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 bridging, which has previously undergone an audit. 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 secure.