MANTRA Chain Halts Operations Amid Unexplained Incident
MANTRA Chain, a Layer 1 blockchain network focused on tokenizing real-world assets (RWA), has temporarily suspended its operations due to an unexplained incident. The team stated that all transactions have been frozen as a precautionary measure to limit potential risks and investigate the cause.
The suspension affects deposit and withdrawal transactions to and from the MANTRA platform, with users warned not to make new transactions until further information is available. Engineering and security teams are working with external partners to determine the root cause of the incident and resolve the issue.
MANTRA's native token experienced a sharp decline following the news, losing 9.9% of its value in the last 24 hours and trading at $0.004406. The team stated that there is no definite timeline for when the network will be reactivated.