Post #429

We understand that this migration has disappointed many, as it did us as well. It took a lot of courage to approach these issues head-on as @FEGBalGu did in his recent message to the community. We have been discussing with PeckShield (who did not have a hand in the migration tool, only the SD code) to help identify the root cause, and they offered their help tomorrow for the next steps. The FEG Team has been working on potential strategies moving forward, researching the wallets involved in the exploit, and offering a 10% bounty & white-hat label for the return of the LP. We will continue to explore options for recovery for the FEGbsc liquidity that are well thought out. The silver lining is that the FEG token contract, launched from the SmartDeFi Deployer, was not the point of exploit, maintaining the integrity of the protocol throughout the launch/migration. This is important for the project's future as FEGeth is tradeable and paused before being impacted as well as bringing SmartDeFi out for public use. We want to thank you for your continued patience in difficult times, please allow us the appropriate time before we make any decisions moving forward. - FEG Team