MANTRA Price Plunges 10% as RWA Chain Halts Network amid Attack Attempt

MANTRA Chain, a RWA tokenization-focused Layer-1 blockchain, has halted its network as a precaution, causing its token price to fall more than 10%. The network will resume once the team completes investigations and confirms the network is safe.

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Chain Temporarily Halts Network and Freezes All Transactions

MANTRA Chain has frozen public endpoints, validators, bridge operations, and transactions, temporarily disrupting deposits and withdrawals involving the chain.

“We’re aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate. According to an official announcement on August 21, it has frozen all endpoints and transactions.

This means all deposits and withdrawals on the network are temporarily stopped. Crypto exchanges and ecosystem partners have been informed about the temporary pause and frozen transactions.

It has now been confirmed that an attacker tried to exploit a vulnerability in an upstream dependency used by the chain. The team is preparing a patched release and resuming the network will require a coordinated restart with the wider validator set.

The project’s status page confirmed a full outage, with engineering and security teams working alongside external partners.

As CoinGape reported earlier, RWA Layer-1 blockchain MANTRA is set to be acquired by private-market data infrastructure firm Inveniam Capital Partners.

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MANTRA Price Slumps Over 10% amid Unexplained Halt

MANTRA token fell over 10% in the past 24 hours, with the price currently trading near $0.00446. The intraday high and low were $0.00506 and $0.004126, respectively.

Trading volume has increased by almost 650% as investors moved to sell the token. Notably, there is also buy-the-dip sentiment after MANTRA price dropped 14% in a week despite broader crypto market recovery,

The derivatives market showed buying in the last few hours, as per CoinGlass data. At the time of writing, the total MANTRA futures open interest climbed 11% to $9.19 million in the past 4 hours.

The 24-hour MANTRA futures OI was up more than 18%. Notably, futures OI on Binance, KuCoin, Gate and other crypto exchanges are massively rising.

For investors tracking this sector, comparing the top real-world asset (RWA) platforms can help identify key projects driving institutional asset tokenization on-chain.