Incident Overview
Saga DAO's founder's wallet was exploited, resulting in 60,000 USD worth of SOL drained from the MultiSig wallet.
Saga DAO, a community-driven project, experienced an access control exploit on January 24, 2024. The attacker allegedly hacked the founder's wallet and drained funds from the MultiSig wallet. Rumors suggest that it might have been an insider attack, as the MultiSig required only one signer out of twelve confirmations.
The founder admitted to several security failures, including not using a cold wallet, not checking the threshold of signatures, and not using auto-unlock on Phantom.
Incident Report
Protocol Information
What the Attacker Needed to Succeed
Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.
What Auditors Should Check
If you're auditing a protocol with similar architecture to Saga DAO, these are the critical security checks that could have prevented this incident (January 2024).
- Verify all logic paths related to Access Control are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
- Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs
Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.
Free TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Sources & References
Learn to Prevent the Next Saga DAO
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