Tokenization · The Block
MANTRA freezes all transactions and network following incident
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★ Tier-1 Source
MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, halted the network as a precautionary measure on Friday.
Key facts
- MANTRA (MANTRA) token is down 9.9% in the past 24 hours to $0.0044
- MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, halted the network as a precautionary measure on Friday
- We're aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate," the team wrote on X
- MANTRA later said it had identified the root cause of the incident and "contained the immediate threat," with no user funds exploited
Summary
"We're aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate," the team wrote on X. The cessation of the network impacts deposits and withdrawals to and from MANTRA, the team wrote, advising users to refrain from making transactions until more information is shared. MANTRA's official status page states that its engineering and security teams are working with external partners and have notified its exchange and ecosystem partners to pause transactions for its native token until the issue is resolved. MANTRA later said it had identified the root cause of the incident and "contained the immediate threat," with no user funds exploited.