MANTRA blockchain halted after exploit; token dropped 18% to record low of $0.004126.
Security & Exploits ·
The MANTRA token fell 18% to a record low of $0.004126 as the blockchain halted after an exploit. The token reached that low minutes before the network stopped producing blocks. MANTRA stated that an attacker had exploited a vulnerability in software used by the chain.
The incident involved the Cosmos EVM module, according to reports from the team. The blockchain was frozen in response to the vulnerability, though no user funds were said to have been exploited during the incident. The halt represents a significant operational disruption for the network.
Questions remain about the scope of remediation needed, the timeline for network resumption, and any longer-term impacts on user confidence or the security posture of the chain's underlying infrastructure.