Saga Layer-1 in Crisis as TVL Crashes 55% and Token Plunges 25%, Here’s Why

Layer-1 blockchain protocol Saga has faced a severe crisis after a smart contract exploit on its SagaEVM chain resulted in nearly $7 million in losses. The incident has compelled the team to halt operations, triggering a sharp sell-off of its native assets. $7 Million Exploit Sparks Panic on Saga L1 Saga confirmed in a statement
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