Saga releases update on the progress of the SagaEVM security incident investigation: will fix and strengthen the affected cross-chain and deployment components
On January 21, Saga discovered and responded to a security incident affecting the SagaEVM chain. The incident involved a coordinated deployment of contract sequences, cross-chain operations, and subsequent liquidity extraction. Based on the principle of prudence, the SagaEVM chain has been paused at block height 6593800, and an active investigation and mitigation work is underway. Approximately $7 million worth of USDC, yUSD, ETH, and tBTC has been transferred to the Ethereum mainnet.The team is collaborating 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 compromise, or private key leakage.According to previous news from ChainCatcher, the Saga chain was allegedly attacked by hackers, resulting in approximately $7 million in assets being stolen.
