Fogo Foundation Says Wallet Breach Sent 400M FOGO Tokens to Unknown Attacker
5 Articles
5 Articles
Fogo mainnet temporarily halted after unauthorized activity drains 400 million tokens from foundation wallets
Fogo's mainnet halt highlights centralization risks in blockchain projects, impacting investor confidence and raising security concerns. The post Fogo mainnet temporarily halted after unauthorized activity drains 400 million tokens from foundation wallets appeared first on Crypto Briefing.
Fogo's foundation reported that an unknown attacker would have transferred approximately 400 million FOGO tokens, while the blockchain continues to function normally and moves forward with exchanges, authorities and forensic experts.
FOGO Reports 400 Million Token Theft In Exploit; Chain Remains Operational
BitcoinWorld FOGO Reports 400 Million Token Theft in Exploit; Chain Remains Operational FOGO, a layer-1 blockchain built on the SVM (Solana Virtual Machine), announced on its official X account that approximately 400 million FOGO tokens were stolen in an exploit. The team clarified that the chain itself was not compromised, but the tokens were transferred to an attacker-controlled address. FOGO stated it is actively coordinating with exchanges, …
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