MANTRA Network Halted Amid Attack Attempt

MANTRA Chain, a Layer-1 blockchain focused on RWA tokenization, has halted its network as a precautionary measure following an attempted attack. The incident occurred when an attacker tried to exploit a vulnerability in an upstream dependency used by the chain.

The team has frozen all endpoints and transactions, temporarily disrupting deposits and withdrawals involving the chain. The project's status page confirmed a full outage, with engineering and security teams working alongside external partners to resolve the issue.

As a result of the network halt, the MANTRA token price plummeted over 10% in the past 24 hours, trading near $0.00446. Trading volume increased by almost 650%, with some investors exhibiting 'buy-the-dip' sentiment despite the broader crypto market recovery.