SagaDAO said that the funds obtained from the sale of Saga tokens were hacked when transferring wallets.
SagaDAO announced on Discord that they had suffered a hacker attack. The organization stated that earlier today, they had transferred the funds accumulated through Saga token sales from a multi-signature wallet to a new Squads multi-signature wallet consisting of 12 committee members for decentralized finance (DeFi) activities. Unfortunately, despite adding all committee members' wallets, the threshold was not set to the expected 60% but was set to 1/12. The hacker took advantage of this and transferred all funds from the multi-signature wallet to their account. SagaDAO stated that another multi-signature wallet was not affected by this hacker attack and is making every effort to ensure the safety of the remaining funds. It is reported that SagaDAO (formerly SolanaMobileDAO) is a unique community of Solana Mobile (SAGA PHONE) holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin rally above short-term holder metric has traders calling for new BTC price highs
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.