Saga releases SagaEVM security incident investigation update: will fix and strengthen affected cross-chain and deployment components

CoinVoice · 2026-01-22T03:28:15+00:00

CoinVoice reports that Saga discovered and responded to a security incident on January 21, suspending the SagaEVM chain and investigating the contract sequence affecting cross-chain operations. Approximately $7 million worth of assets were transferred to the Ethereum mainnet, and the team is working to recover the stolen tokens and strengthen system security.

CoinVoice

2026-01-22 03:28:15

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CoinVoice has learned that on January 21, Saga detected and responded to a security incident affecting the SagaEVM chain. The incident involved coordinated deployment of contract sequences, cross-chain operations, and subsequent liquidity extraction. Based on prudent principles, the SagaEVM chain has been paused at block height 6593800 and is actively investigating and mitigating the issue. Approximately 7 million USD worth of USDC, yUSD, ETH, and tBTC have been transferred to the Ethereum mainnet.\n\nThe team is working with exchanges and cross-chain bridge platforms to blacklist the attack wallet and recover the stolen tokens, and will repair and strengthen the affected cross-chain and deployment components. This incident did not involve a consensus mechanism failure, validator intrusion, or private key leakage.\n\nCoinVoice previously reported that the Saga chain was suspected to have been hacked, with approximately 7 million USD in assets stolen.

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