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Across the Layer 1 blockchain sector, mainnet security has become the sharpest test of a network's early infrastructure.
Fogo halted its mainnet after an attacker received 400 million FOGO tokens, a position equal to 10% of the token's circulating supply and about 4% of its genesis allocation, valued at approximately $3 million at the time of the incident.
What the numbers say The two percentages tell different stories.
Ten percent of circulating supply represents an outsized concentration in a single unauthorized recipient, large enough to influence secondary-market pricing if moved.
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