Fogo L1 Halts Mainnet After 400M FOGO Unauthorized Issuance
Fogo blockchain paused operations following attacker receipt of 400 million FOGO tokens, or 10% of circulating supply, valued near $3 million.
Fogo, a Layer 1 blockchain, halted its mainnet after an attacker received 400 million FOGO tokens through unauthorized issuance.
The tokens represent 10 percent of the circulating supply and about 4 percent of the genesis supply, with an incident value cited at approximately $3 million.
The technical root cause of the issuance and any recovery timeline remain unspecified.