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#FEG# Latest developments on abnormal trading and investigation
FEGrox is actively investigating these abnormal trades and has hired PeckShield to provide additional support to uncover the root cause.
We fully understand your frustration - please believe us, we feel the same way too. Over the past four years, we have poured our lives into building this project, making countless sacrifices along the way. This situation is personal to all of us, and we are fully committed to finding the answer and solving it.
The centralized exchange has been notified to stop trading, and we will share updates in the chat when more information is available.
Our preliminary investigation points to a vulnerability in the wormhole bridge, which has been audited before. You can view the audit report here:
PeckShield Audit Report
What we want to emphasize is that the SmartDeFi contract code does not appear to have been compromised. Although the SmartDeFi protocol has been temporarily suspended as a precautionary measure, projects based on this protocol are currently still secure.
We are continuing to closely review this issue and greatly appreciate your patience and support in jointly addressing this matter.