Fogo, an SVM Layer 1 network, said on August 30 that it had temporarily halted mainnet operations as a precautionary step after detecting unauthorized activity, in an effort to stop the continued transfer of affected assets. During the suspension, Fogo will upgrade its network and restrict addresses associated with the incident. The team said further updates would follow once more details are confirmed, and urged users to get information only from Fogo's official channels, warning that no other source should be relied upon for updates. So far, the cause of the incident, the scale of the affected assets, and the expected timing for the mainnet's restoration have not been disclosed. The move follows an earlier attack on the Fogo Foundation by an unknown hacker, which resulted in roughly 400 million FOGO tokens being transferred to an attacker-controlled address. The foundation said it had notified relevant trading platforms immediately and was in active communication with law enforcement and forensic experts.
Fogo, an SVM Layer 1 network, said on August 30 that it had temporarily paused its mainnet after detecting unauthorized activity.
The pause is a precaution to prevent further movement of affected assets. During the downtime, Fogo plans to upgrade the network and restrict addresses linked to the incident.
The team said it would publish further updates once more information is confirmed and reminded users to obtain information only through Fogo's official channels.
No details have been released yet on the cause of the incident, the scale of affected assets, or when the mainnet will be restored.
The development comes after the Fogo Foundation was previously breached by an unknown attacker. About 400 million FOGO tokens were transferred to an attacker-controlled address. The foundation said it immediately notified relevant exchanges and is working actively with law enforcement and forensic experts.
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