FOGO Reports 400 Million Token Theft in Exploit; Chain Remains Operational

BitcoinWorld FOGO Reports 400 Million Token Theft in Exploit; Chain Remains Operational FOGO, a layer-1 blockchain built on the SVM (Solana Virtual Machine), announced on its official X account that approximately 400 million FOGO tokens were stolen in an exploit.

The team clarified that the chain itself was not compromised, but the tokens were transferred to an attacker-controlled address. FOGO stated it is actively coordinating with exchanges, investigative authorities, and forensic specialists to trace and recover the funds.

Exploit Details and Immediate Response The incident came to light when FOGO’s official account posted a security alert, urging users to remain vigilant. According to the announcement, the exploit targeted the token contract rather than the underlying blockchain infrastructure.

This distinction is critical, as it suggests the core network remains secure, but the token’s smart contract or associated protocol had a vulnerability that allowed the attacker to siphon a significant portion of the supply.