PANews reported on December 29 that FEG (Feed Every Gorilla) announced on the X platform that FEGrox is actively investigating illegal transactions and has asked PeckShield to provide additional support to find the root cause. In addition, FEG said it understands the community's frustration. Over the past four years, its team has devoted all its efforts to building this project and has made countless sacrifices along the way, so it will be committed to finding answers and solving problems. The centralized exchange has received a notice to stop trading, and will share updates once more information is available.
Preliminary investigations indicate that there may be a vulnerability in the Wormhole Bridge, which has been audited before. It should also be emphasized that the SmartDeFi contract code does not appear to be compromised. The SmartDeFi protocol has been suspended as a precautionary measure, and projects currently built on the protocol remain safe.
