Mantra Chain Suspends Trading Due to Unknown Incident, Price Drops by 10%
2026-08-21 13:07:20
According to CoinMeta, on August 21st, Mantra suspended its network due to an investigation into an unknown incident, which resulted in transactions being frozen and assets being unable to flow on this blockchain, which focuses on real-world assets. The team initially described this downtime as a preventive measure, but the latest updates indicate that the network is still in a suspended state, and the engineering and security teams are working with external partners to investigate the issue. Affected components include validators, public blockchain endpoints, Mantra bridge migration operations, and the cross-chain communication relays they manage. Deposits and withdrawals at affected exchanges have also been suspended. The specific cause of the incident, the block height at which it began, or whether any attackers obtained funds have not yet been disclosed. The downtime on this chain has prevented validators from processing new transactions, making it impossible for users to complete transfers, interact with applications, or move assets through the affected bridges. Mantra advises users not to take any action and warns them to be wary of scams offering “restoration” assistance. The team stated that the network will be restored once security is confirmed and promises to provide regular updates, but no estimate for when restoration will occur has been provided.
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Source:Cryptonews
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