Saga Halts Ethereum-Compatible Chainlet After $7M Breach on January 22

On January 22, Saga paused its Ethereum-compatible SagaEVM chainlet after an unauthorized breach that the team said caused about $7 million in losses. The incident destabilized Saga Dollar to $0.75 and was followed by a 55% drop in TVL within 24 hours, with operations halted for an audit and address blacklisting.