MANTRA Chain Outage Freezes Network Amid Unclear Incident

MANTRA Chain, a Layer 1 blockchain built around tokenizing real-world assets, went dark on Thursday after detecting an undisclosed incident. The outage froze every public endpoint and on-chain transaction, disabling transfers of its native token OM and leaving exchanges scrambling to suspend deposits and withdrawals.

The cause of the halt remains unclear, with MANTRA not confirming whether it involves a hack, technical bug, or something else entirely. The company has offered no confirmation on whether user funds are at risk, leaving holders trying to gauge how serious this really is.

MANTRA's engineering and security teams are working alongside outside partners to figure out what happened, with the network remaining frozen until they're confident it's safe to bring it back online. Until then, no transactions can go through and OM balances remain locked exactly where they are.