BNB
by BSC News
February 25, 2023
Devs try to recover $280,000 in LP stolen in exploit of FEG Token migration tool.
The FEG Token team is attempting to recover about $280,000 in liquidity that was stolen during an exploit of the project’s migration tool to its upgraded Smart DeFi 2.0 token. The transition remains on pause while the migration tool undergoes an audit and the team explores how to restore short-term liquidity.
FEG is on both BNB Chain and Ethereum. The exploit affected liquidity only on the BNB Chain side of the token.
According to a Twitter thread on the FEG account from lead developer FEGrox, the project team has met with Centralized Exchange partners and security experts to determine next steps, including:
One FEG community member said on Twitter that the new token will be launched on a new contract address, and holders affected by the exploit will get their funds back via airdrop or refund.
FEG Token is a decentralized transaction protocol on Ethereum and BNB Chain. FEG was created by FEGrox, the project’s pseudonymous lead developer. The native FEG token is a hyper-deflationary, community-driven governance token with a 2% transaction tax. FEG offers an entire ecosystem built with a focus on reshaping and evolving how decentralized finance works. It includes a FEG Exchange for swapping, staking, and providing liquidity to tokens, as well as fWraps, which enable users to wrap another cryptocurrency like ADA, DOGE, or XRP and receive rewards.
Where to find FEG:
Website | Twitter | Medium | Whitepaper | Instagram | Telegram | Reddit | Discord | Youtube |
Related News
Latest News
2h : 55m ago
Binance Sued in Canada Over Securities Law Violations: What to Know
April 22, 2024
What Are Bitcoin Runes?
April 22, 2024
Binance Executive Arrested in Kenya After Fleeing Nigeria
April 22, 2024
Shiba Inu Secures $12M To Launch Privacy-Centric Layer 3 Blockchain
April 20, 2024
Weekly Article Recap: 4/15-4/19
April 19, 2024
Michael Saylor Capitalizes on MicroStrategy Stock Surge, Sells $370M $MSTR
April 19, 2024
Hedgey Finance Reportedly Suffers $44.7M Exploit
April 19, 2024
US SEC Escalates Legal Battle Against Justin Sun with Amended Lawsuit
More News