Fogo, a layer-1 blockchain, has halted its mainnet after an attacker received 400 million FOGO tokens. According to The Block, via Techub News, the tokens represent roughly 10% of the circulating supply. They also account for about 4% of the genesis supply — the initial token supply created at the launch of the network. At the time of the incident, the 400 million tokens were valued at approximately $3 million. The pause follows the transfer of these tokens to an attacker. Fogo operates as a base-layer network, and its native asset is FOGO. The affected amount equals one-tenth of the circulating supply, making it a significant portion. The mainnet remains suspended as reported. No additional details about how the attacker obtained the tokens were included in the original report from The Block, as summarized by Techub News. The halt is a direct response to the incident, according to the available information.
Layer-1 blockchain Fogo has paused its mainnet after an attacker received 400 million FOGO tokens. The amount represents roughly 10% of the circulating supply and about 4% of the genesis supply, and was worth around $3 million at the time, according to The Block. The news was reported by Techub News.
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