MANTRA Chain, a Layer-1 blockchain focused on real-world asset (RWA) tokenization, temporarily halted its network as a precaution after an attacker attempted to exploit a vulnerability in an upstream dependency. The network shutdown caused the token's price to fall by more than 10% over a 24-hour period.
To address the incident, the project froze public endpoints, validators, bridge operations, and transactions. Consequently, all deposits and withdrawals on the network were temporarily stopped, and crypto exchanges and ecosystem partners were informed of the pause.
Network Outage and Patching Efforts
The project’s status page confirmed a full outage while engineering and security teams, alongside external partners, investigated the issue. The development team prepared a patched release, and restarting the network requires a coordinated effort with the broader validator set. The network is scheduled to resume once investigations are complete and safety is confirmed.
Market Reaction and Trading Activity
Following the halt, the MANTRA token traded near $0.00446, reflecting a decline of over 10% in 24 hours. During the same period, the token recorded an intraday high of $0.00506 and a low of $0.0126. Trading volume surged by nearly 650% as investors sold the token, though some buy-the-dip sentiment also emerged after a weekly drop of 14%.
Meanwhile, activity in the derivatives market increased. According to CoinGlass data, total futures open interest climbed 11% to reach $9.19 million over a four-hour window, with 24-hour futures open interest rising by more than 18% across major cryptocurrency exchanges including Binance, KuCoin, and Gate.
