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MANTRA Token Falls to Record Low After Blockchain Pause

The outage followed a software exploit and temporarily shut down validators, bridges, and exchange deposits. The incident adds more pressure to MANTRA’s RWA ambitions after the earlier OM crash.

By Zenz van der Wielen
• 2 min read
MANTRA Token Falls to Record Low After Blockchain Pause

Key Takeaways

  • The MANTRA token fell 18.5% on Thursday to a record low after a software exploit and a subsequent network pause.
  • The network was shut down, validators went offline, and deposits and withdrawals on affected exchanges were temporarily paused.
  • MANTRA is investigating the incident, has identified a vulnerability, and is preparing a patched release.

The MANTRA token fell 18.5% on Thursday to a record low, just before the network was shut down after a software exploit. The price dropped from $0.005060 (€0.0043) to $0.004126 (€0.0035) around 23:10 UTC, while trading volume jumped by nearly 600% to $24 million (€20.5 million).

Network Shut Down

According to CoinGecko, the token later recovered to around $0.0044 (€0.0038), but it was still down about 10% over 24 hours. The network produced its last recorded block around 23:13 UTC, a few minutes after the price hit its low. MANTRA announced the pause about half an hour later via X.

The project first said it had frozen all transactions and network points while it investigated the incident. Deposits and withdrawals on affected crypto exchanges were also temporarily paused. MANTRA later said an attacker had exploited a vulnerability in an upstream dependency, software that is used by MANTRA Chain but developed outside the network itself.

“We have identified the vulnerability and are proceeding to prepare a patched release,” the team said.

What MANTRA Is Doing Now

The network’s validators are still offline while developers prepare and test the fix. Restarting the blockchain requires coordination with the broader group of validators that verify transactions and keep the network running. MANTRA also says it is tracking fund flows and working with exchanges, but it has not yet said which software was specifically exploited, how the attack worked, or whether any assets were lost.

“We are not yet in a position to confirm the complete scope,” the project said.

The outage affects the chain’s public endpoints, validators, bridge activity, and MANTRA links used to communicate with other blockchains. The incident comes on top of a rough stretch for the project. In April 2025, the OM token plunged more than 90% in a matter of hours, wiping out more than $5 billion (€4.3 billion) in market value.

Why This Matters

MANTRA positions itself as a blockchain for real-world assets, or RWAs, bringing traditional financial products like funds and bonds onchain. In a market like that, trust in the infrastructure matters a lot, because users and firms working with tokenized assets rely heavily on stable networks and clear settlement. The project also has a planned acquisition by Inveniam Capital Partners in the pipeline; that deal is supposed to close in the third quarter, although the incident does not change that timing for now.

The outage fits into a broader pattern of incidents where software bugs and exploits directly lead to network pauses. At Maya Protocol, for example, the chain was shut down after a series of bugs made an attack on the liquidity pools possible.

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