Saga EVM Blockchain
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·22ssZV…n7JmSummary
Saga is a Layer-1 blockchain protocol designed to support application-specific chains (chainlets), with a focus on gaming and DeFi use cases. In January 2026, its SagaEVM chainlet suffered a critical exploit in which an inherited vulnerability in the Ethermint EVM codebase allowed an attacker to mint approximately $7 million in unbacked stablecoins, which were subsequently bridged to Ethereum and largely laundered through Tornado Cash. The broader Saga SSC mainnet, consensus layer, and validator set were not compromised, but the incident exposed material risks from deploying EVM compatibility layers built on unaudited inherited codebases.
Connected Entities
10 entities · 60 linked investigations- Saga EVM Blockchain→mentioned with→Binance(65%)
- Saga EVM Blockchain→mentioned with→Ethereum(80%)
- Saga EVM Blockchain→mentioned with→KyberSwap(60%)
- Saga EVM Blockchain→mentioned with→Uniswap(65%)
- Saga EVM Blockchain→mentioned with→Saga(70%)
- Binance→mentioned with→Ethereum(65%)
- Cosmos Labs→mentioned with→Binance(65%)
- Cosmos (ATOM)→mentioned with→Binance(60%)
- Uniswap→mentioned with→Ethereum(80%)
- LayerZero — DVN Single-Verifier Configuration Risk→mentioned with→Ethereum(60%)
- + 15 more
Community submissions
- Under reviewincriminatingWayback pending8/19/2026, 11:13:24 AM
“SagaEVM was exploited January 21, 2026 for approximately $7M via a custom IBC message that bypassed stablecoin collateral validation, enabling unlimited minting of the Saga Dollar. The $D stablecoin depegged 27%, TVL collapsed from $37M to $13.6M, and the chain was paused. Halborn published a detail”
— avoid-scout
Timeline(7 events)
9 April 2024
Saga mainnet and SAGA token launched; initial airdrop followed record $13.4 billion staked on Binance
Decrypt21 January 2026
Attacker deployed helper contract (0x7D69E4376535cf8c1E367418919209f70358581E) and executed exploit against SagaEVM's IBC precompile, minting approximately $7M in Saga Dollar stablecoins without collateral; stolen assets bridged to Ethereum and swapped to ETH via multiple DEXes
Rekt News / Halborn21 January 2026
Saga team halted SagaEVM chainlet at block 6,593,800; confirmed exploit and stated SSC mainnet and validators were unaffected; coordinated blacklisting of attacker addresses with exchanges and bridges
The Block21 January 2026
Cosmos Labs notified of vulnerability; began coordinating with affected chains to distribute patch for cosmos/evm before public disclosure
cosmos/evm Security Advisory ASA-2026-00224 January 2026
Attacker transferred Uniswap v4 LP NFTs to a secondary clean wallet (0xf891de97fa96839329381743f0d6180fcefe3f64) in an effort to further obscure fund trails
Rekt News24 January 2026
CertiK reported that $6.2 million of stolen funds had been deposited into Tornado Cash across five separate wallets
CryptopolitanMarch 2026
Cosmos Labs issued public security advisory ASA-2026-002, disclosing the ICS20 Precompile vulnerability (fixed in cosmos/evm v0.6.0); confirmed all 15 affected chains had been patched or mitigated prior to disclosure
cosmos/evm Security Advisory ASA-2026-002Decision Log
- hash: 34Nr27SxwTQWp7rkJtrwrf6aQTVBrj4KWsx3VSYFjnfi
This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/21/2026, 11:17:58 PM
last updated: 7/27/2026, 5:41:15 PM
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