SagaEVM Chain Exploit Sees $7M Drained, Funds Moved to Ethereum
On January 21, the SagaEVM chain, part of the Saga Layer-1 ecosystem, was paused following a security exploit. The team identified the attacker’s wallet and confirmed approximately $7 million in assets were stolen, with some funds bridged to Ethereum and converted to ETH or other tokens. The chain was halted at block height 6,593,800 to prevent further unauthorized transfers. The attack involved contract deployments, cross-chain interactions, and rapid liquidity withdrawals. Saga is working with exchanges to blacklist the address and is conducting a forensic investigation. The exploit affected SagaEVM and related EVM environments, but the mainnet and validator security remained uncompromised.
TheNewsCrypto01/22 11:22
