Cryptocurrency [loss] $1M+

"FEG token holders in despair after third hack causes 99% dump"

2024-12-29 [vendor] Feed Every Gorilla [chain] bsc, ethereum
Primary Source ↗
Financial Loss $1.1M (1,070,000 USD)
Blockchain(s) Bsc, Ethereum

Incident Details

The “Feed Every Gorilla” project has once again been hacked, after suffering a pair of flash loan attacks in May 2022 amounting to $1.9 million in losses. The protocol also suffered losses later in 2022, thanks to an issue with a token locking service that cost FEG $2 million (though around $1.9 million was ultimately returned by the exploiter).This time, the FEG project team blamed an issue with the project’s bridge, which is a tool used to deposit and withdraw tokens from the project. An attacker was able to maliciously withdraw a large amount of FEG tokens via the flaw in the bridge, which they then sold off for around $1.07 million, tanking the FEG token price by 99% in the process. The bridge had been audited by the PeckShield blockchain security firm.

Total loss estimated at $1,070,000.

Technical Details

Initial Attack Vector
Flash loan attack on smart contract
Vendor / Product
Feed Every Gorilla

Timeline

  1. 2024-12-29 Breach occurred
  2. 2024-12-29 Publicly disclosed