🦍Moving Forward We want to take a moment to acknowledge our shortcomings and express our most profound regret for the recent events that have caused significant harm and loss for our community. The FEG Team has met internally and with top-holding CEX partners and top security experts. We are committed to fixing these errors and doing everything we can to prevent similar incidents by only deploying fully audited contracts. 🦍Strategy - The Re-launch of both FEGeth & FEGbsc: Currently, we are exploring the option of a liquidity provider from several sources for FEGbsc. A secondary option is to split the liquidity between the two chains for a short while as we recover the Liquidity by maximizing the LP injection tokenomics. - We will continue our efforts to recover exploited liquidity funds as the 10% bounty has already been offered on-chain, and a dedicated team continues tracking funds. - Currently, we are working on a joint strategy to safely implement the Migration. A combination of airdrops & use of our Migration tool once fully audited is being discussed (with removing the LP portion, the point of vulnerability). - The fully audited SmartDeFi version of FEG showed the strength of the SD protocol as it was not the point of vulnerability. The team is optimistic and ready to work; CEXs are backing our plan and working with us during our Migration, & Auditors have agreed to take on auditing our migration tool at short notice! - @FEGrox, @RTRcrypto, @FEGtomi, and the rest of the dedicated FEG Team will be meeting with the community today (time TBD) We fully understand the importance of earned trust. So, we will maintain transparency throughout the recovery process and beyond as we move forward. Please don't hesitate to contact the FEG team to give any feedback or suggestions. We are grateful for your patience and understanding as we bring back FEG and SmartDeFi. -The FEG Team

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