Saga halts SagaEVM chainlet after $7M exploit; stablecoin hits $0.75

Layer-1 protocol Saga paused its Ethereum-compatible SagaEVM chainlet on Wednesday following a $7 million exploit. Its dollar-pegged stablecoin fell to $0.75 around 10:16 pm UTC, and TVL slid roughly 55% from over $37 million to $16 million. The team says the network remains sound and has begun blacklisting the attacker's address.