FEG (Feed Every Gorilla) announced on the X platform that FEGrox is actively investigating illegal transactions and has asked PeckShield for 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 worked hard to build this project and made countless sacrifices along the way, so it will be committed to finding answers and solving problems. Centralized exchanges have received a notice to stop trading and will share updates once more information is available.
Preliminary investigations show that there may be a vulnerability in the wormhole bridge, which has been audited before. At the same time, it should be emphasized that the SmartDeFi contract code does not seem to be compromised. The SmartDeFi protocol has been suspended as a precautionary measure, and projects built on the protocol are still safe.