Saga releases update on SagaEVM security incident investigation: affected cross-chain and deployment components will be repaired and strengthened
Foresight News reported that Saga discovered and responded to a security incident affecting the SagaEVM chain on January 21. The incident involved a coordinated sequence of contract deployments, cross-chain operations, and subsequent liquidity extraction. As a precaution, the SagaEVM chain was suspended at block height 6,593,800, and an active investigation and mitigation process is underway. Approximately $7 million worth of USDC, yUSD, ETH, and tBTC were transferred to the Ethereum mainnet. The team is working with exchanges and cross-chain bridge platforms to blacklist the attacker's wallet and recover the stolen tokens, and will repair and strengthen the affected cross-chain and deployment components. This incident did not involve consensus mechanism failures, validator breaches, or private key leaks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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