The RWA-focused blockchain froze all transactions pending investigation, disrupting deposits and withdrawals without a restoration timeline.
MANTRA Chain, a Layer 1 blockchain focused on real-world assets, has halted its network and frozen all transactions while investigating an unidentified incident. The precautionary measure affects all endpoints, temporarily suspending deposits and withdrawals. The team has not identified the root cause or provided a timeline for resolution.
The blockchain previously secured $11 million in funding and launched a $108.8 million ecosystem fund, with backing from Nomura’s Laser Digital and Brevan Howard Digital. No details on the incident’s impact on partners or fund operations have been disclosed.
Markets for MANTRA’s native token and related assets remained volatile as users awaited further updates.