Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
FEG: PeckShield has been asked to provide additional support to investigate illegal transactions. Preliminary investigation may reveal wormhole bridg

FEG: PeckShield has been asked to provide additional support to investigate illegal transactions. Preliminary investigation may reveal wormhole bridg

CointimeCointime2024/12/29 12:00
By:Cointime

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 community's frustration and has made countless sacrifices over the past four years to build this project, so it will work to find answers and solve problems. Centralized exchanges have received notices to stop trading, and more information will be shared once available.

Preliminary investigations show that there may be loopholes in the wormhole bridge, which have been audited before. It is also important to emphasize that the SmartDeFi contract code does not appear to have been compromised, and the SmartDeFi protocol has been suspended as a precautionary measure. Projects built on this protocol are currently still safe.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hot employment report leads stocks lower, at least for now

Odds of an interest rate cut later this month are all but out the window

Blockworks2025/01/11 08:22

Hugging Face reached a settlement with FriendliAI which accused it of patent infringement

Share link:In this post: FriendliAI agreed to dismiss its lawsuit with prejudice. The Korean AI startup claimed Hugging Face violated one of its patents. Meanwhile, Microsoft released its latest language model Phi-4 on Hugging Face.

Cryptopolitan2025/01/11 08:22

US regulator proposes stronger protections against crypto payment fraud and surveillance

Share link:In this post: US regulators have introduced two proposals to protect users who make digital payments from data harvesting. CFPB leadership is likely to change with Trump’s assumption of office. Uncertainties shred the fate of the proposal.

Cryptopolitan2025/01/11 08:22