Mainnet paused; Fogo blocks further movement of stolen funds

Odaily reported that SVM Layer 1 network Fogo stated that after detecting unauthorized activity, it has taken precautionary measures to temporarily halt the Fogo mainnet in order to prevent the continued transfer of affected assets. During the mainnet suspension, Fogo will upgrade the network and restrict addresses associated with the incident. The team stated that further updates will be released once more information is confirmed, and reminded users to obtain relevant information only through Fogo's official channels. At present, the cause of the incident, the scale of affected assets, and the timeline for mainnet restoration have not yet been disclosed. Previously, the Fogo Foundation was breached by an unknown attacker, with approximately 400 million FOGO tokens transferred to the attacker's address. The foundation stated that it had immediately notified relevant trading platforms and is in communication with law enforcement agencies and forensic experts.