According to ME News, on August 29 (UTC+8), the SVM Layer 1 network Fogo announced that its foundation was recently compromised by an unknown attacker, resulting in approximately 400 million FOGO tokens being transferred to the attacker’s address. The foundation stated that it has immediately notified relevant exchanges and is actively coordinating with law enforcement and forensic experts. This incident has not affected the Fogo blockchain itself, which continues to operate normally. The foundation pledged to disclose further updates promptly. (Source: BlockBeats)
Fogo Foundation Hacked, 400 Million FOGO Tokens Stolen
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Summary
The Fogo Foundation suffered a security breach on August 29 (UTC+8), during which 400 million FOGO tokens were stolen. The SVM Layer 1 network confirmed the attack and stated that the blockchain remains operational. The foundation is collaborating with exchanges, law enforcement, and on-chain intelligence experts to trace the hacker. No network upgrade has been scheduled at this time, and further details will be shared as they become available.
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