MANTRA Token Sinks 18% as Blockchain Halts
MANTRA token crashes 18% to record low amid blockchain halt after security exploit
The update
The MANTRA token plunged 18% to a record low of $0.004126 before recovering slightly to $0.0044. The blockchain halted after an attacker exploited a vulnerability in the chain’s software. Exchanges have paused deposits and withdrawals from the halted MANTRA Chain.
Why it matters
This incident highlights ongoing security vulnerabilities in blockchain networks and their impact on investor assets. The token’s price movement and trading volume surge (nearly 600% to $24 million) demonstrate how quickly confidence can evaporate in crypto markets during security incidents.
What to watch
Investors should monitor for updates on the root cause of the exploit, whether any assets were lost, and when exchanges will resume normal operations. The project has stated it won’t restart the network until it’s confident it’s safe.
Sources
- coindesk.com — Details about the exploit and blockchain halt
- cointelegraph.com — Token price movement and exchange response information
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