Saga DAO Loses $60K in Hack, Highlighting Risks of Pseudonymous Crypto Groups
• Saga DAO, a fan club for Solana's Saga Phone, lost $60K in SOL tokens (750 SOL) - 70% of its treasury - when funds were drained from its wallet
• The funds were supposed to be held securely in a multisig wallet, but that security was never set up, allowing one signer to move the funds
• One founder, zkRedDevil, claims a “remote hack” of their PC enabled the theft, but another founder accuses them of stealing the funds themselves
• The incident highlighted the deep risks of operating pseudonymously with no way to truly verify trust in partners
• Saga DAO's future is now in question, with efforts underway to remove council members who voted to send the funds to their demise