TLDR
- MANTRA Chain halted its blockchain, freezing all endpoints and transactions while teams investigate an unidentified incident.
- MANTRA has not identified the incident’s root cause or provided a timeline for network restoration yet.
- MANTRA’s token fell to about $0.004126 as trading volume surged nearly 600% during the outage.
- Exchanges suspended MANTRA deposits and withdrawals while centralized trading can continue independently of the blockchain network.
- MANTRA said the network will remain halted until its teams are confident operations are safe again.
MANTRA Chain has halted its blockchain and frozen all transactions while investigating an unidentified incident, leaving deposits and withdrawals suspended as its security teams work to determine the cause.
MANTRA Chain Freezes Transactions During Investigation
MANTRA Chain said it stopped the network as a precaution after detecting an incident affecting the Layer 1 blockchain. All endpoints and transactions remain frozen, preventing users from moving assets across the network while the investigation continues.
“We’re aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate,” the team said. “All endpoints and transactions are currently frozen.”
The project has not identified the root cause or said whether any assets were compromised. MANTRA also has not provided a timeline for restoring the network and advised users to avoid transactions until further information becomes available.
MANTRA’s status page classified the incident as a full outage affecting public endpoints, validators, bridge migration operations and MANTRA-managed Inter-Blockchain Communication relays. Engineering and security teams are investigating the issue with external partners.
The project also contacted exchanges and ecosystem partners and asked them to suspend MANTRA token deposits and withdrawals. Upbit was among the exchanges that paused these services, although centralized trading can continue because internal trades do not require MANTRA Chain transactions.
MANTRA Token Falls as Trading Volume Jumps
MANTRA’s native token fell as much as 18.5% from its 24-hour high and reached a record low of about $0.004126 around 11 p.m. UTC on Thursday. The token later recovered toward $0.0044 but remained down about 10% over 24 hours.
Trading volume rose nearly 600% to about $24 million during the period. MANTRA has not established a connection between the token’s price decline and the network incident.
The network’s public RPC showed block 17,449,398, produced at 11:13 p.m. UTC Thursday, as the latest block. MANTRA issued its first public notice about the incident around 30 minutes later.
The project has not disclosed whether the halt resulted from a security breach, software problem or another technical issue. No confirmed loss of user funds has been reported by the team.
MANTRA Says Network Will Remain Halted Until Safe
MANTRA said it would keep the blockchain offline until its teams determine that operations can resume safely. The project plans to provide updates as the investigation progresses but has not given an estimated recovery time.
“We will not resume the network until we are confident it is safe to do so,” the team said.
MANTRA also warned users against people claiming they can provide recovery assistance and said users do not need to take any action. The warning comes while deposits, withdrawals and other on-chain transactions remain unavailable.
The incident comes as MANTRA prepares for a planned acquisition by strategic backer Inveniam Capital Partners. The transaction, announced in June, is expected to close during the third quarter of 2026.
