MANTRA Token Plunges to All-Time Low During Chain Outage
MANTRA said it froze transactions and endpoints while tracing funds and preparing a patch, and trading volume jumped nearly 600% to $24 million.
- On Friday, MANTRA Chain halted operations as a precautionary measure following a software exploit, occurring shortly after the native token plummeted 18.5% to a record low on Thursday.
- An attacker exploited a vulnerability in an "upstream dependency," software used by the network but developed externally. MANTRA identified the specific vulnerability and is preparing a patched release.
- The network stopped producing blocks at 11:13 p.m. UTC on Thursday, freezing all endpoints and transactions. Affected exchanges paused deposits and withdrawals as the project traces fund movements and assesses damage.
- Following the record low, the token recovered to about $0.0044 as trading volume jumped nearly 600% to $24 million. CoinGecko data shows the asset remained down roughly 10% over 24 hours.
- Restarting the blockchain requires coordination with validators who remain offline during testing. This follows a challenging 2025 for MANTRA, which saw its former token collapse more than 90% and recently announced acquisition plans by Inveniam Capital Partners.
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MANTRA touched a record low of approximately USD 0.00412 after his team stopped the blockchain for an attempt to exploit a third-party dependency. The pause froze validators, bridges, deposits and withdrawals, while the token fell more than 10% in 24 hours despite the general spike in the crypt market. *** MANTRA Chain froze endpoints, validators, bridges and transactions while investigating an attempted attack. The team attributed the incident …
MANTRA Hits Emergency Stop as Network Freezes After Security Incident
The post MANTRA Hits Emergency Stop as Network Freezes After Security Incident appeared first on Coinpedia Fintech News MANTRA Chain has halted its entire Layer 1 network after an attempted attack targeted a software weakness, freezing transactions, block production, and public network access. Following the halt, the OM token dropped about 18.5% to $0.004126, marking a new all time low. MANTRA Freezes Network After Software Vulnerability After …
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