saga

Cosmos Labs posted on the X platform, stating that a vulnerability has recently been discovered, affecting certain blockchains built on the Cosmos EVM Stack. This vulnerability has impacted the Layer 1 blockchain Saga in the production environment.Cosmos Labs stated that its team has been investigating the issue in collaboration with Saga and ecosystem partners, and has coordinated the implementation of mitigation measures. A security patch has now been released to the affected blockchains.

According to market news, multiple Tornado Cash deposits have been identified in the Saga hacking incident. Before entering Tornado Cash for mixing, approximately 6.2 million dollars of stolen funds were first concentrated and dispersed into 5 wallet addresses, and then transferred through multiple transactions.

According to Binance spot data, the market has experienced significant fluctuations. ENSO has risen by 62% in the last 24 hours, reaching a new high for today.At the same time, both SAGA and PENDLE have hit "new lows for today," with declines of 8.63% and 6.55%, respectively. CHZ has reached a new low for the week, with a drop of 15.39%.Additionally, Binance Life has shown a "bottoming rebound" status, with an increase of 6.06%. NEWT, KERNEL, and TURTLE have also reached new highs for today, with increases of 7.45%, 7.16%, and 6.3%, respectively.

Layer-1 blockchain protocol Saga has urgently paused its Ethereum-compatible Saga EVM chainlet after experiencing an attack that resulted in a loss of approximately $7 million. The attack led to unauthorized funds being cross-chain transferred and exchanged for ETH, causing its dollar-pegged stablecoin, Saga Dollar, to de-peg, with the price dropping to as low as $0.75. The Saga team stated that the chain was paused at block height 6,593,800.Preliminary investigations indicate that the incident involved a series of contract deployments, cross-chain operations, and liquidity withdrawals, but there was no consensus failure, validator compromise, or private key leakage; the overall structure of the Saga mainnet remains secure. The impact was not limited to Saga Dollar; its stablecoins Colt and Mustang were also affected. The team has identified the addresses involved in the attack and is working with exchanges and cross-chain bridges to blacklist these addresses. The chain will remain paused until a complete security audit and post-mortem analysis are published.On-chain data shows that Saga's TVL plummeted from approximately $37 million to $16 million within 24 hours, a decrease of about 55%. Some security researchers speculate that the attack may be related to the "infinite minting" of stablecoins using cross-chain mechanisms, while others believe that the possibility of private key leakage cannot be ruled out, but the officials have not yet confirmed the specific attack vector.

On January 21, Saga discovered and responded to a security incident affecting the SagaEVM chain. The incident involved a coordinated deployment of contract sequences, cross-chain operations, and subsequent liquidity extraction. Based on the principle of prudence, the SagaEVM chain has been paused at block height 6593800, and an active investigation and mitigation work is underway. Approximately $7 million worth of USDC, yUSD, ETH, and tBTC has been transferred to the Ethereum mainnet.The team is collaborating with exchanges and cross-chain bridge platforms to blacklist the attack wallet and recover the stolen tokens, and will repair and strengthen the affected cross-chain and deployment components. This incident did not involve a consensus mechanism failure, validator compromise, or private key leakage.According to previous news from ChainCatcher, the Saga chain was allegedly attacked by hackers, resulting in approximately $7 million in assets being stolen.

According to crypto analyst Specter (@SpecterAnalyst), the L 1 protocol Saga is suspected to have been hacked, resulting in a loss of approximately $7 million. The attacker has exchanged about $6 million of this amount and transferred it across chains to the Ethereum network.

According to Binance spot data, the market has experienced significant fluctuations. PARTI has dropped 14.21% in the last 24 hours, while SAGA has hit a new low for the week, with a decline of 18.56%.In addition, both AVAX and AAVE have reached new highs today, with increases of 6.22% and 5.32%, respectively. FORTH has also reached a new high today, with an increase of 6.77%. BERA has shown a "high and then low" state, with a decline of 5.33%. ZEC and PIVX have both seen slight declines within 5 minutes, with decreases of 3.53% and 3.04%, respectively.

ChainCatcher news, Solana Mobile announced the termination of software and security updates for its first crypto phone, Saga, ending the product lifecycle of just over two years since its launch in May 2023. According to the official announcement, approximately 20,000 Saga devices worldwide will no longer receive further support.Saga attracted attention with its Seed Vault wallet feature, but after a brief meme coin airdrop craze, sales fell short of expectations, dropping from around $1,000 to $599 within four months of its launch. Solana Mobile has now shifted its focus to the second-generation product, Seeker, set to launch this summer.

ChainCatcher news, Layer 1 public chain Saga announced a strategic partnership with Virtuals, Eliza Labs, and Wayfinder to jointly develop the cross-chain AI agent protocol Metropolis. This protocol will allow AI agents to autonomously deploy and manage independent Layer 1 blockchain networks (Chainlets) through the Saga infrastructure. Saga plans to launch the Liquidity Integration Layer (LIL) in the first quarter of 2025 to achieve cross-chain liquidity and interoperability.The protocol integrates Wayfinder's multi-chain AI agent framework, Virtuals' dynamic virtual agents, and Eliza Labs' ElizaOS system. Core features of Metropolis include ElizaOS integration, autonomous chain deployment capabilities, and a dynamic ecosystem supported by the Virtuals Butler Agent. This collaboration marks an important milestone in the deep integration of blockchain and AI technologies, providing stronger infrastructure support for decentralized applications.

ChainCatcher news, the L1 blockchain protocol Saga has announced the launch of Mainnet 2.0, aimed at transforming the way blockchain economics and the blockchain industry handle liquidity.This step brings the team closer to launching its Liquidity Integration Layer (LiL) in the first quarter of 2025. The Liquidity Integration Layer will be built on the infrastructure of Mainnet 2.0, providing solutions for "unified liquidity across all blockchain ecosystems."Developers can now build on the foundation of Mainnet 2.0, which will be seamlessly integrated into the LiL environment once launched.

ChainCatcher message, Saga posted on X reminding that: "The SG-1 (@sg1_online) account key has been compromised, but no funds are affected, and the network remains secure. A new SG-1 validator node is now online, and the foundation has unstaked 16 million Saga tokens from the old SG-1. If users previously delegated to the old SG-1, please re-delegate."

ChainCatcher news, the modular blockchain platform Saga announced that the snapshot for the seventh airdrop event was taken at block height 3186745 (Beijing time November 6, 1:04).

ChainCatcher message, the Grass Foundation announced an airdrop plan on X, allocating 100 million GRASS to eligible users, which accounts for 10% of the total supply.9% to users who earned Grass Points in the first phase (network snapshot)0.5% to GigaBuds NFT holders0.5% to users who install desktop nodes or the Saga application.To ensure fairness and prevent network abuse, Grass employs a robust system to identify network abusers. Users are filtered based on various technologies, including Graph ML for identifying suspicious citation trees, device fingerprints, similar IP subnets, and more.

ChainCatcher news, the modular blockchain platform Saga has opened the fifth phase (Vault Five) airdrop claim. The fifth airdrop event continues to reward loyal SAGA stakers who accumulate staked SAGA.

ChainCatcher news, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.

ChainCatcher message, Coinbase International and Coinbase Advanced have launched RENDER, SAGA, and T perpetual contract trading, with limit, market, take profit, and stop loss orders now fully available.

ChainCatcher message, Coinbase will add support for Render, Saga, and Threshold perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The RENDER-PERP, SAGA-PERP, and T-PERP markets will open on August 29, 2024, at 9:30 AM (UTC) or later.

ChainCatcher message, the modular blockchain platform Saga tweeted that it has ended the fourth phase (Vault Four) airdrop claim and will distribute on August 30.

ChainCatcher news, according to Bitget data, the Saga token (SAGA) has increased by 25.14% in the last 24 hours, currently priced at $1.59.Previous news, Saga announced the launch of its liquidity integration layer to address the issue of liquidity fragmentation in the blockchain space.