Saga Halts EVM Blockchain After $7 Million Hack

Saga has suspended its EVM blockchain operations following a hacking incident that led to losses of nearly $7 million. According to NS3.AI, the attacker exploited vulnerabilities possibly linked to private key compromise or smart contract abuse, laundering the stolen funds through various bridges and swaps. This event is part of a recent increase in hacks targeting DeFi platforms, which have resulted in over $30 million in thefts since the start of 2026.