PANews reported on January 22 that, according to an official Saga announcement, the SagaEVM chain suffered an attack on January 21, 2026, involving a series of contract deployments, cross-chain operations, and liquidity withdrawals. The hackers transferred approximately $7 million worth of USDC, yUSD, ETH, and tBTC, which has now been converted to ETH and transferred to address 0x2044…6ecb. Following the incident, SagaEVM has been suspended at block height 6593800. The official team is working with exchanges and cross-chain bridges to block this address, and a full technical recap report will be released later. The Saga SSC mainnet and other chains were unaffected.