SagaEVM Chain Pauses After $7 Million Exploit

Published by

Sohrab Khawas

January 22, 2026

Saga has paused its SagaEVM chain after a smart contract exploit drained nearly $7 million in assets, forcing the team to stop the chain at block height 6,593,800 while it investigates and fixes the issue. Attackers used a coordinated series of contract and cross‑chain actions to bridge funds out to Ethereum, and Saga is working with exchanges to blacklist the attacker’s wallet. The breach led Saga Dollar to drop to about $0.75 and slashed the total value locked by over half, though the core network remains secure.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Hack