FOGO Mainnet Back Online After Hack, 237M Tokens Burned

BitcoinWorld

FOGO Mainnet Back Online After Hack, 237M Tokens Burned

FOGO, a layer-one blockchain network built on the Solana Virtual Machine (SVM), has resumed block production after a temporary halt caused by a security exploit. The project confirmed that its mainnet is now operating normally and that it has permanently removed 237 million FOGO tokens from circulation — the portion of stolen funds it successfully recovered.

What Happened: Timeline of the Exploit and Recovery

On August 29, FOGO detected a vulnerability that allowed an attacker to mint and steal approximately 400 million FOGO tokens. In response, the team paused block production to contain the damage and prevent further unauthorized transfers. This is a standard emergency measure in blockchain networks when a critical flaw is discovered, as it freezes all activity until the issue is patched.

Following the halt, FOGO worked with centralized exchanges and investigative authorities to trace and recover the stolen assets. According to the project’s announcement, 237 million tokens were successfully retrieved. Rather than reinserting them into the circulating supply, the team chose to burn them permanently, effectively reducing the total supply and mitigating potential inflationary pressure.