MANTRA Token Hits Record Low as Network Halts After Exploit
MANTRA's token fell 18% to $0.004126 before the blockchain stopped producing blocks after an exploit.
MANTRA's OM token plunged 18% to an all-time low of $0.004126 in the minutes before the network halted block production, according to CoinDesk. The project later confirmed that an attacker had exploited a vulnerability in software used by the chain.
The incident triggered a sharp selloff as traders reacted to the network disruption and security breach. The token's drop to a record low highlights the immediate market impact of the exploit.
MANTRA acknowledged the attack in a statement, attributing it to a vulnerability in software the chain relies on. The network stopped producing blocks around the same time, leaving transactions unprocessed temporarily.
The exploit is the latest in a series of security incidents affecting crypto networks, and the halt underscores the operational risks that can accompany such vulnerabilities.