Saga Blockchain Exploit: Devastating $7M Attack Forces Chainlet Shutdown, Triggers Stablecoin Crisis
In a significant blow to blockchain security protocols, the Saga Layer-1 network has been forced to completely halt its Ethereum-compatible SagaEVM chainlet following a sophisticated $7 million exploit that triggered a stablecoin depeg and massive liquidity withdrawal. The January 2025 incident represents one of the most substantial cross-chain attacks of the year, highlighting persistent vulnerabilities […]
