MANTRA Chain Crashes Amid Market Rally

MANTRA Chain, a Layer 1 blockchain for tokenizing real-world assets, hit an all-time low of $0.0041 as it froze its network due to an attacker exploiting a vulnerability in an upstream dependency.

The incident came at a time when the rest of the market was rallying, with Bitcoin topping $75,000 earlier in the day and other major cryptocurrencies trading higher.

MANTRA Chain halted its chain and froze all endpoints and transactions as a precaution while it investigates the incident. The team has identified the vulnerability and is preparing a patch, but resuming the network will require a coordinated restart with the wider validator set.