Fogo: Mainnet Operation Paused to Prevent Stolen Funds from Being Further Transferred

BlockBeats News, August 30th, the SVM Layer 1 network Fogo announced that, after detecting unauthorized activities, preventive measures have been taken to temporarily pause the Fogo mainnet to stop the transfer of affected assets.

During the mainnet suspension, Fogo will upgrade the network to restrict addresses associated with the incident. The team stated that further progress will be announced after more information is confirmed and reminded users to only obtain relevant information through official Fogo channels. Currently, the cause of the incident, the scale of affected assets, and the mainnet's recovery time have not been disclosed.

Previously reported, the Fogo Foundation was recently breached by unknown attackers, resulting in approximately 400 million FOGO tokens being transferred to the attacker's address. The Foundation stated that relevant exchanges were notified promptly and is actively engaging with law enforcement and forensic experts.