MANTRA Team Identifies Root Cause and Confirms Incident Was Isolated to the Cosmos EVM Module

Mantra Launches Hongbai Incentivized Testnet Focused on Real-World Assets (RWA) Tokenization
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MANTRA halted its blockchain following an incident in its Cosmos EVM module that affected two wallet addresses and pushed its native token to a new all-time low.

The team confirmed that user funds were not compromised and that the incident was contained before it could escalate. All endpoints, transactions, transfers, and staking operations are suspended while developers test the patched version v8.4.0 on the DuKong testnet.

Validators were instructed to keep their mainnet nodes offline until the restart is officially announced. The team took a full network snapshot before initiating the process and aims to complete the coordinated mainnet upgrade within the day, subject to the tests concluding without issues.

The MANTRA token fell more than 18% to $0.0041, marking a new all-time low, though it later recovered part of its losses and is trading near $0.0046 at the time of writing. The team promised to publish a complete post-mortem once the system is restored.

Source: https://x.com/MANTRA_Chain/status/2090736752663339313


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This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

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