Hacks & Exploits
MANTRA Chain Suspends Operations Amid Ongoing Investigation of Security Incident
MANTRA Chain, a layer 1 blockchain focused on tokenizing real-world assets, has paused its operations due to an ongoing investigation into a security incident. The team announced on Thursday that all endpoints and transactions have been frozen, temporarily disrupting deposits and withdrawals.
The project has not disclosed the root cause or provided an estimated timeline for recovery. Users have been advised to refrain from attempting transactions until further notice.
In an update, the team revealed that the incident was triggered by an attacker exploiting a vulnerability in an upstream dependency, which is third-party code relied upon by the chain. To mitigate the risk, the network was halted as a precautionary measure.
MANTRA is currently working on identifying the vulnerability and preparing a patch. The validators and infrastructure will remain offline until the upgrade is complete. The team emphasized that resuming the network will require a coordinated restart with the wider validator set, ensuring that the patch is verified before proceeding.
The incident has adversely affected MANTRA's token price, which fell to an all-time low of $0.0041, contrasting sharply with a broader market rally that saw Bitcoin approach $75,000. This marks the second significant crisis for the network in 16 months, following a previous incident in April 2025 that resulted in a dramatic loss of value for its token, then known as OM.
FAQ
Why has MANTRA Chain suspended its operations?
MANTRA Chain has suspended its operations due to an ongoing investigation into a security incident that involved an attacker exploiting a vulnerability in an upstream dependency.
What does it mean that all endpoints and transactions have been frozen?
Freezing all endpoints and transactions means that users cannot make deposits or withdrawals, and all network activities are temporarily halted to prevent further issues while the investigation is ongoing.
What steps is MANTRA Chain taking to address the security incident?
MANTRA Chain is currently working on identifying the vulnerability that was exploited and preparing a patch. The network will remain offline until the upgrade is complete and verified.
How has the security incident affected MANTRA's token price?
The incident has adversely affected MANTRA's token price, which fell to an all-time low of $0.0041, despite a broader market rally in cryptocurrencies.
When can users expect the network to resume operations?
The network will resume operations only after a coordinated restart with the wider validator set, ensuring that the patch is verified. An estimated timeline for recovery has not been provided yet.