SagaEVM Hit with Massive $7M Hack Exposed Vulnerability

SagaEVM was hacked in January 2026 for $7M. Halborn investigates the breach. The attackers exploited EIP-4940's bug, affecting several projects. Saga Labs identified a single malicious transaction. Analysis suggests weak wallet security led to the hack. Project developers urge better wallet management practices and immediate updates to address the vulnerability exposed by the attack for affected users across networks.