Saga said its SagaEVM chain lost nearly $7 million in an exploit. The stolen assets were moved out quickly, converted into ETH, and bridged away. The team paused the network at block 6593800 and is working with exchanges and bridge operators to blacklist the attacker address.

Modular Layer 1 blockchain Saga suffered a $7 million exploit, prompting an emergency halt of SagaEVM. Saga Dollar fell as low as $0.75, while TVL dropped from $37 million to $16 million.