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The post SagaEVM Attack Leads to $7 Million in Crypto Theft appeared on BitcoinEthereumNews.com. Key Points: Hackers stole $7 million via SagaEVM’s chain; emergencyThe post SagaEVM Attack Leads to $7 Million in Crypto Theft appeared on BitcoinEthereumNews.com. Key Points: Hackers stole $7 million via SagaEVM’s chain; emergency

SagaEVM Attack Leads to $7 Million in Crypto Theft

Author: BitcoinEthereumNewsSource: BitcoinEthereumNews
2026/01/22 11:40
USDC
USDC$1.0009--%
ETH
ETH$3,020.15+1.33%
BLOCK
BLOCK$0.012237-1.35%
Key Points:
  • Hackers stole $7 million via SagaEVM’s chain; emergency measures initiated.
  • SagaEVM’s operations suspended pending investigation.
  • SagaEVM security remains a concern post-crisis.

The SagaEVM chain experienced a major security breach on January 21, 2026, resulting in the theft of approximately $7 million in cryptocurrencies, prompting a temporary suspension of operations.

This incident highlights ongoing vulnerabilities within blockchain ecosystems, raising concerns over security protocols in decentralized finance as SagaEVM collaborates with exchanges to mitigate further damage.

$7 Million Crypto Theft Hits SagaEVM Chain

SagaEVM suffered an attack involving the transfer of $7 million in USDC, yUSD, tBTC, and ETH, now converted and transferred to ETH at address 0x2044…6ecb. The event prompted the suspension of SagaEVM at block height 6,593,800.

The official team is working with platforms to block the compromised address, reflecting the immediate aftermath and urgency. Only SagaEVM was halted, leaving other chains and the Saga SSC mainnet unaffected.

Market Witnesses Fallout Post-SagaEVM Breach

Did you know? Similar blockchain attacks in the past have led to heightened security measures and cross-chain collaborations to prevent such breaches.

USDC, a stablecoin with a current price of $1.00, features a market cap of $74.39 billion, representing a 2.45% market dominance. As of January 22, 2026, its trading volume has dropped by 11.17% to $18.05 billion according to CoinMarketCap.

USDC(USDC), daily chart, screenshot on CoinMarketCap at 03:08 UTC on January 22, 2026. Source: CoinMarketCap

Insiders from Coincu research note the difficulty in recovering assets post-breach. Past trends reveal that, given the scale, the impact may drive regulatory discussions and bolster technological defenses.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/news/sagaevm-7-million-crypto-theft/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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