FEG: PeckShield has been requested to provide additional support for investigating illegal transactions. Preliminary investigation suggests the possibility of a wormhole bridging vulnerability
Dec 29, 2024 11:24
FEG (Feed Every Gorilla) announced on X platform that FEGrox is actively investigating illegal transactions and has requested additional support from PeckShield to identify the root cause. In addition, FEG expresses understanding of the community's frustration. Over the past four years, their team has devoted all their efforts to building this project and made countless sacrifices along the way. Therefore, they 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 wormhole bridging, which has been previously audited. It should be emphasized that the SmartDeFi contract code does not appear to have been compromised, and the SmartDeFi protocol has been suspended as a preventive measure. Currently, projects built on this protocol are still secure.
Previously, Cyvers Alerts detected multiple suspicious transactions involving FEG on Ethereum, BNB, and Base chains.
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