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Mainnet restart follows token recovery
Fogo said its mainnet was operating normally again, while efforts to recover the remaining affected tokens continued with centralized exchanges and law enforcement. Of the 400 million FOGO taken during the incident, 237 million have been recovered and permanently removed from the token's total supply. That leaves 163 million FOGO from the original amount that have not been reported as recovered.
The project did not provide further details on how the 237 million tokens were recovered or the process used to permanently remove them from supply. Fogo said its investigation remained underway and asked users to rely on its official channel for further information. The latest update gives the network a clearer recovery figure after several days of uncertainty over the status of the stolen assets.
Timeline of the Fogo Foundation compromise
Fogo initially disclosed the incident on August 28, when the Foundation said an unknown actor had compromised the organization and transferred 400 million FOGO to what it described as a bad actor. At the time, the Foundation said the blockchain itself had not been affected and continued operating normally. Exchanges, law enforcement agencies, and forensic specialists were notified as the project began tracing the assets.
The following day, Fogo halted the network while validators prepared an upgrade. The pause was intended to stop further movement of the affected tokens. Bitget suspended FOGO deposits and withdrawals around an hour before the first announcement, while KuCoin later introduced similar restrictions.
Stolen FOGO represented significant supply share
The 400 million FOGO involved in the incident represented 4% of the blockchain's 10 billion-token genesis supply and more than 10% of the circulating supply at the time. FOGO was trading near $0.0075 when the network was halted, putting the value of the affected tokens at approximately $3 million based on DefiLlama data.
Fogo has yet to publish a full account of how the compromise occurred. No complete post-incident report has been released as the investigation continues. The project has not disclosed which addresses or systems within the Foundation were compromised or identified the attack vector.
Network halts follow pattern of security incidents
The response follows several security incidents this year in which blockchain projects have worked with exchanges and law enforcement to contain stolen or improperly created tokens. In August, Harmony proposed a chain rollback after forged ONE tokens spread across its network, with one wallet moving 2.385 trillion forged ONE through 477 successful transfers in 106 seconds.
Another network interruption occurred in August when Maya Protocol halted operations after an attacker exploited six linked software flaws, taking an estimated $1.7 million in Bitcoin and other assets. MANTRA Chain resumed block production on August 22 after its mainnet spent roughly 30 hours unable to process transactions because of a Cosmos-EVM vulnerability. Fogo launched its mainnet in January 2026 after raising $7 million through a token sale at a $350 million valuation.
