FEGToken Hack

TOTAL LOST $280K
Low Other

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain 2023 Incident surface
Recovered - No recovery reported
All-Time Rank #1169 By amount stolen
Protocol Type Exploit/Other Target category

Incident Overview

Quick Summary

FEG Token team is attempting to recover $280,000 in liquidity after an exploit of the project’s migration tool to its upgraded Smart DeFi 2.0 token.

Details of the Exploit

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 exploit affected liquidity only on the BNB Chain side of the token. The team has met with Centralized Exchange partners and security experts to determine next steps, including exploring the option of a liquidity provider for FEGbsc, looking at splitting liquidity between BNB Chain and Ethereum for a short while, pursuing efforts to recover $280,000 in liquidity via a 10% bounty and tracking, and using airdrops and a freshly audited migration tool to complete the migration.

Incident Report

Protocol / Project FEGToken
Date of Incident
Attack Technique Other
Classification Token
Primary Source View Post-Mortem #1 View Post-Mortem #2 View Post-Mortem #3

Protocol Information

Protocol Type Exploit/Other
Affected Token FEG
Official Website fegtoken.com/
Protocol Twitter/X @FEGtoken
Team Anonymous
Source Code Unverified

Market Context at Time of Hack

Token Categories
Mineable
Protocol Links

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of other and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in FEGToken's contract logic - root cause: token
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Other audit checklist and test coverage

If you're auditing a protocol with similar architecture to FEGToken, these are the critical security checks that could have prevented this incident (February 2023).

  • Verify all logic paths related to Other are guarded by proper access controls and input validation
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

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Sources & References

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