DeFi Exploit: Saga - Rekt
- Scam type: Hack
- Chain: EVM (Ethereum, BNB Chain, Base and other EVM chains)
- Reported: 2026-04-27
- Last updated: 2026-04-27
DeFi Exploit: Saga - Rekt Date: 1/21/2026 Loss: $7,000,000 USD Tags: Saga, Validation Failure, IBC Summary: Forged IBC messages, $7 million minted from thin air. Saga’s bridge swallowed the fiction whole. Cosmos Labs traced it to Ethermint's codebase, they're now reaching out to other affected Cosmos EVM chains with short-term fixes. Exploit/attacker addresses extracted from on-chain analysis and incident reports. Reference: https://rekt.news/saga-rekt Source: https://de.fi/rekt-database
Other addresses in this report: 0x7d69e4376535cf8c1e367418919209f70358581e, 0x2044697623afa31459642708c83f04ecef8c6ecb