Crypto

FOGO Mainnet Resumes Operations After Security Exploit

Guavy AI Editorial Team Published September 2, 2026

Layer-one blockchain network FOGO 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 hack occurred on August 29, when an attacker exploited a vulnerability in the network's code, allowing them to mint and steal approximately 400 million FOGO tokens. The project paused block production to contain the damage and prevent further unauthorized transfers.

FOGO worked with centralized exchanges and investigative authorities to trace and recover the stolen assets. The team chose to burn the recovered tokens permanently, reducing the total supply and mitigating potential inflationary pressure.

FOGO Mainnet Resumes Operations After Security Exploit

Hedera Hashgraph Surpasses 50 Billion Transactions with Asynchronous Byzantine Fault Tolerance

ETH Corrective Phase: Will Ethereum Drop to $2K Next?

G20 Gives Crypto Global Policy Boost Amid Regulatory Focus