MANTRA Chain Halt Freezes Transactions, Traders Face Liquidity Risk
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MANTRA Chain, a Layer 1 focused on real-world asset tokenization, halted its network after detecting an exploit in an upstream dependency, freezing endpoints, validators, bridges and pausing deposits and withdrawals across exchanges while the team prepares a patched release. The MANTRA token plunged to a fresh all-time low of $0.004126 before a partial recovery, creating liquidity risk for traders and leaving adoption and price outlook negative as there is no confirmed restart timeline.
Predictions Markets
See what traders are focused on
- MANTRA Chain halted its network after detecting an exploit targeting an upstream dependency.
- MANTRA plunged to a fresh all-time low of $0.004126 before it recovered somewhat.
- The MANTRA network remains fully halted, with no confirmed restart timeline yet.
MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, halted its network on Thursday after detecting an exploit targeting an upstream dependency used by the chain.
What Happened
According to MANTRA, the team identified an attacker exploiting a vulnerability in third-party infrastructure the chain relies on and froze all endpoints, validators, and bridge operations as a precaution.
Deposits and withdrawals across affected exchanges are currently paused. MANTRA says it has identified the vulnerability and is preparing a patched release, but the network will not resume until the fix is…
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