Saga releases SagaEVM security incident investigation update: will fix and strengthen affected cross-chain and deployment components

Foresight News: Saga discovered and responded to a security incident affecting the SagaEVM chain on January 21. The incident involved coordinated deployment of contract sequences, cross-chain operations, and subsequent liquidity extraction. Based on prudent principles, the SagaEVM chain has been paused at block height 6593800 and is actively investigating and mitigating the issue. Approximately 7 million USD worth of USDC, yUSD, ETH, and tBTC have been transferred to the Ethereum mainnet. The team is working with exchanges and cross-chain bridge platforms to blacklist the attacker’s wallet and recover stolen tokens, as well as to fix and strengthen the affected cross-chain and deployment components. This incident did not involve consensus mechanism failure, validator intrusion, or private key leakage.