FOGO Token Contract Hacked: 400 Million Tokens Stolen

Layer-1 blockchain FOGO has fallen victim to an exploit that resulted in the theft of approximately 400 million tokens. The attack targeted the token contract rather than the underlying Solana Virtual Machine (SVM) chain.

The incident came to light when FOGO's official X account posted a security alert, urging users to remain vigilant. According to the announcement, the exploit was isolated to the token contract and did not compromise the core network infrastructure.

FOGO is actively coordinating with exchanges, investigative authorities, and forensic specialists to trace and recover the stolen funds. The team has also engaged forensic blockchain analysts to track the movement of funds.