Crypto
MANTRA Token Plummets Amid Blockchain Halt After Software Exploit
The Ethereum Virtual Machine layer-1 blockchain MANTRA halted production after a software exploit caused its token to plummet to an all-time low. The price of MANTRA's token dropped by 18.5% to $0.004126 around 11:10 p.m. UTC Thursday, according to CoinGecko.
The network produced its last recorded block at about 11:13 p.m. UTC, minutes after the token touched its low. MANTRA announced the halt roughly half an hour later, saying all endpoints and transactions were frozen as a precaution while it investigated.
An attacker had exploited a vulnerability in an upstream dependency, which is software used by MANTRA Chain but developed outside the network itself. The team has identified the vulnerability and is preparing a patched release.