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Fogo Restores Mainnet and Recovers Part of Stolen Funds

Fogo has announced the successful restart of its mainnet and the recovery of a significant portion of stolen tokens following a security breach.

AS1 News

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Fogo has confirmed that its mainnet is now operating stably after a security incident that resulted in the theft of 400 million FOGO tokens. Of these, 237 million tokens have been recovered and are permanently removed from circulation, reducing the risk of their re-entry into the market. The remaining 163 million tokens are still unaccounted for, and investigations into the breach are ongoing. The network's recovery and partial restitution are seen as positive developments for the community, although the full details of the attack and its causes are yet to be disclosed.

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The recovery of stolen tokens and network restoration enhance security confidence but do not eliminate the risk of future incidents.