FEG: PeckShield has been invited to provide additional support for investigating irregular transactions. Preliminary investigation suggests the possibility of a loophole in the bridge.

2024-12-29 11:31:49

PANews December 29th news, FEG (Feed Every Gorilla) announced on X platform that FEGrox is actively investigating illegal transactions and has asked PeckShield for additional support to find the root cause. In addition, FEG understands the frustration of the community. Over the past four years, its team has made countless sacrifices to build this project. Therefore, it will strive to find answers and solve problems. The centralized exchange has received a notice to stop trading, and once more information is available, it will be shared and updated. Preliminary investigations indicate that there may be vulnerabilities in the Wormhole Bridge, which had previously undergone an audit. It is important to note that the SmartDeFi contract code does not appear to have been compromised. The SmartDeFi protocol has been suspended as a precautionary measure, but projects built on this protocol are still secure. Earlier, Cyvers Alerts detected multiple suspicious transactions involving FEG on the Ethereum, BNB, and Base chains.

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