SagaDAO reported that the funds raised from the sale of Saga tokens were subjected to a hacker attack during wallet transfer.

BlockBeats news reported on January 24th that SagaDAO announced on their Discord community that they had been hacked. The organization stated that earlier today, they had transferred 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 the committee members' wallets, the threshold was set to 1/12 instead of the expected 60%. The hacker took advantage of this and transferred all the funds from the multi-signature wallet to their account. SagaDAO stated that another multi-signature wallet was not affected by the hack and is doing everything possible to ensure the safety of the remaining funds. It is reported that SagaDAO (formerly SolanaMobileDAO) is a self-organized community formed by Solana Mobile (SAGA PHONE) holders.