Saga pauses EVM chain following smart contract exploit
The Block
Saga paused its EVM chain after a smart contract exploit drained nearly $7 million in USDC.Summary
Layer 1 protocol Saga halted its SagaEVM chain following a security exploit that resulted in the unauthorized withdrawal of approximately $7 million in USDC, which was then bridged out and converted to ETH. The project identified the exploiter's wallet and is working with partners to blacklist the address and implement remediation, promising a post-mortem once findings are validated. Saga confirmed that the incident did not affect its core infrastructure, including the SSC mainnet or consensus layer, and noted this breach occurs amid rising crypto theft losses globally.
(Source：The Block)