Pluang MANTRA Token Plummets 18% After Blockchain Exploit Halts Network
Article Content
- •MANTRA Chain halted operations due to a software exploit in an external dependency.
- •The OM token dropped 18.5% to $0.004126, with trading volume increasing by 600%.
- •Developers are investigating the incident and preparing a patch while validators remain offline.
The MANTRA (OM) token fell 18.5% to a record low of $0.004126 following a software exploit that halted the MANTRA Chain. The network ceased block production and froze all transactions, deposits, and withdrawals as developers investigated the incident. The exploit targeted a vulnerability in an external software dependency, with the team working on a patch. Trading volume surged nearly 600% to $24 million amid the disruption. Validators remain offline while the team assesses the situation and coordinates a fix. The full impact of the exploit and whether funds were stolen is still under investigation. This incident adds to the challenges faced by MANTRA, which has seen significant market value loss in the past year.
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