Saga Pauses SagaEVM Chain Following $7 Million Security Incident
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 6d ago- Incident Overview: On January 21, 2026, a security incident on the SagaEVM chain resulted in approximately $7 million in USDC being stolen, with attackers executing a coordinated sequence of contract deployments and cross-chain activities, highlighting ongoing security risks in cross-chain infrastructure.
- Chain Suspension Measures: Saga paused the SagaEVM chain at block height 6,593,800 to prevent further losses while conducting a full forensic investigation, emphasizing that user safety is the top priority during this disruption.
- Attacker Wallet Blacklisting: The company is collaborating with exchanges and cross-chain bridge providers to blacklist the attacker's wallet address to prevent further movement or liquidation of the stolen funds, although it has not disclosed whether any assets have been frozen at this stage.
- Follow-up Technical Report: Saga has committed to publishing a comprehensive technical post-mortem once the investigation is complete, detailing the root cause of the exploit and the remediation steps taken to enhance future security measures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
