The Layer 1 blockchain halted its network on August 29 to prevent the attacker from moving assets while validators deployed an emergency upgrade. This intervention came shortly after the Foundation disclosed that an unknown actor had compromised its systems, leading to the theft of tokens worth approximately $3 million at the time of the incident.
In section Cryptocurrency
Fogo Restarts Mainnet After Burning Recovered Stolen Tokens
Fogo has resumed normal operations following a security breach that saw 400 million FOGO tokens siphoned from the Foundation. The project confirmed the recovery and subsequent permanent removal of 237 million tokens from its total supply, though 163 million remain outstanding as the investigation into the compromise continues.
While the network is now back online, the Foundation has yet to provide a technical post-mortem detailing how the security failure occurred. The stolen assets represented roughly 10% of the token's circulating supply, prompting swift action from major platforms like Bitget and KuCoin to restrict deposits and withdrawals. Fogo continues to coordinate with law enforcement and centralized exchanges to trace the remaining 163 million tokens. The project maintains that its investigation is ongoing and has urged users to seek updates only through official channels.
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