Fogo Foundation reports security compromise resulting in 400M FOGO tokens (~$3M) transferred to unknown attacker.
Security & Exploits ·
Fogo Foundation disclosed a security compromise in which 400 million FOGO tokens were transferred to an unknown attacker. The foundation said it immediately notified exchanges and is coordinating with law enforcement and forensic specialists to investigate the incident.
The stolen tokens were valued at approximately $3 million at the time of the breach. The foundation emphasized that the Fogo blockchain itself remains unaffected and continues normal operations despite the compromise, which targeted assets rather than the underlying network infrastructure.
Details on how the compromise occurred, whether user funds held on exchanges were impacted, or the timeline for recovery remain unclear. The foundation indicated further updates would be provided as the investigation progresses.