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Edition 2026-08-21

CRYPTO

MANTRA Chain Halts Network, Token Drops About 10%

MANTRA Chain halted its network on Aug.

By cryptonews · 7d ago · Source: cryptonews

Full article

MANTRA Chain halted its network on Aug. 21, stopping validators, public endpoints, bridges and managed relays, which froze transactions and prevented assets from moving across the RWA‑focused Layer 1 blockchain; the token fell about 9.8% over 24 hours to near $0.0044, according to CoinGecko market data. The team described the shutdown as a precaution while engineering and security teams investigated the incident with external partners. No cause has been disclosed and the project has reported no stolen, minted or compromised assets. Exchanges such as Upbit paused deposits and withdrawals for the native MANTRA token, though trading continued on centralized platforms that do not rely on the chain. Users were told no action was required and warned against third‑party recovery services. The halt prevents validators from processing new blocks, stopping transfers, application interactions and bridge movements. Market capitalization was roughly $27.8 million based on a circulating supply of 6.3 billion tokens, and trading volume rose by about 591% to more than $22.7 million. MANTRA has not indicated plans for a rollback, asset freeze or chain‑state modification. The team said the network will remain offline until it is confident a restart is safe and will issue regular updates without providing a recovery timeline.

Source transparency

Publisher
cryptonews
Reliability
high
Published
8/21/2026, 10:00:25 AM
Retrieved
8/21/2026, 10:00:25 AM
Relevance
80%
Confidence
85%
Read original at cryptonews

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