{"id":545104,"date":"2026-01-22T06:52:38","date_gmt":"2026-01-22T06:52:38","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/01\/22\/saga-pauses-chainlet-after-7m-exploit-that-depegged-its-stablecoin\/"},"modified":"2026-01-22T06:52:38","modified_gmt":"2026-01-22T06:52:38","slug":"saga-pauses-chainlet-after-7m-exploit-that-depegged-its-stablecoin","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/01\/22\/saga-pauses-chainlet-after-7m-exploit-that-depegged-its-stablecoin\/","title":{"rendered":"Saga pauses chainlet after $7M exploit that depegged its stablecoin"},"content":{"rendered":"

\"Saga<\/p>\n

Saga\u2019s US dollar-pegged stablecoin has dropped to $0.75, while the protocol’s total value locked has fallen by around 55% over the past 24 hours.<\/p>\n

Layer-1 blockchain protocol Saga has paused its SagaEVM chainlet after it suffered a $7 million exploit that saw unauthorized funds bridged out and converted into Ether.<\/p>\n

The Saga team announced<\/a> in an X post on Wednesday that it had paused the Ethereum-compatible chain<\/a> at block height 6,593,800 in response to the exploit.<\/p>\n

In a follow-up Medium post, the team said<\/a> as part of the ongoing investigation, they have found the security incident appears to have \u201cinvolved a coordinated sequence of contract deployments, cross-chain activity, and subsequent liquidity withdrawals.\u201d<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Saga\u2019s US dollar-pegged stablecoin has dropped to $0.75, while the protocol’s total value locked has fallen by around 55% over the past 24 hours. Layer-1 blockchain protocol Saga has paused its SagaEVM chainlet after it suffered a $7 million exploit that saw unauthorized funds bridged out and converted into Ether. The Saga team announced in […]<\/p>\n","protected":false},"author":1,"featured_media":545105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-545104","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/545104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=545104"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/545104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/545105"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=545104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=545104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=545104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}