MANTRA Chain halted its network after an attempted exploit of an upstream dependency, sending MANTRA (MANTRA) down more than 10% while deposits and withdrawals remained frozen.
Key Points:
- The halt stopped deposits and withdrawals across the network.
- Developers identified the upstream flaw and prepared a patch.
- The token fell more than 10%, while futures open interest increased and trading volume surged during the sell-off.
MANTRA Network Halt
MANTRA Chain paused the network as a precaution after detecting an attacker targeting software used by the blockchain. Exchanges and ecosystem partners were notified about the interruption.
The team said, “We’re aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate,” adding that all endpoints and transactions were frozen.
MANTRA later said the attacker tried to exploit a vulnerability in an upstream dependency, and developers began preparing a patched release while security teams worked with external partners. A restart requires coordination with the wider validator set.
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RWA Token Risk
MANTRA traded near $0.00446 after falling more than 10% over 24 hours, with an intraday low of $0.004126 and a high of $0.00506. Trading volume increased by almost 650%, a sharp rise that coincided with investors selling into the network disruption.
Derivatives activity diverged from the spot decline, with CoinGlass data showing futures open interest rising 11% over four hours to $9.19 million and more than 18% over 24 hours.
The split matters for traders. Rising open interest during a falling market shows that leveraged positions were still being added, which can make subsequent moves more sensitive to liquidations and fast shifts in positioning. The latest decline also extended MANTRA’s weekly loss to about 14% despite a broader crypto recovery, while Inveniam Capital Partners is set to acquire the RWA-focused blockchain after previously investing in the project.
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