According to an official announcement from Saga, the SagaEVM chain has suffered an attack involving a series of malicious contract deployments, cross-chain operations, and liquidity withdrawals. The attacker transferred approximately $7 million worth of USDC, yUSD, ETH, and tBTC, which have since been consolidated into ETH and sent to the address 0x2044…6ecb. Following the incident, SagaEVM was halted at block height 6,593,800. The Saga team is currently working with exchanges and cross-chain bridge providers to block the attacker’s address. A comprehensive technical post-mortem will be released in due course. The Saga SSC mainnet and other chains remain unaffected.