MANTRA price falls 10% as network halts transactions

MANTRA Chain halted its network on Aug. 21 while investigating an unidentified incident, freezing transactions and preventing assets from moving across the RWA focused Layer 1 blockchain. Summary MANTRA Chain halted validators, public endpoints, bridges and managed relays while investigating an unidentified incident. The halt prevents transactions from processing, leaving assets currently unable to move across the network. MANTRA says engineering and security teams are investigating alongside external partners before considering any restart. Affected exchanges have paused deposits and withdrawals, while the team says users need no action. MANTRA traded near $0.0044, down approximately 9.8% over 24 hours, according to CoinGecko market data. The team initially described the shutdown as a precaution. Its latest status update said the network remained halted as engineering and security teams investigated alongside external partners. Affected components include validators, public blockchain endpoints, MANTRA Bridge migration operations and MANTRA managed Inter Blockchain Communication relays. Deposits and withdrawals through affected exchanges have also been paused. MANTRA has not discl...