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Edition 2026-08-21

CRYPTO

Mantra Token Drops 18% to Record Low After Blockchain Halt Following Exploit

Mantra token fell 18.5% to a record low, and the blockchain halted block production after a software exploit was discovered.

By coindesk · 7d ago · Source: coindesk

Full article

Mantra token fell 18.5% to a record low, and the blockchain halted block production after a software exploit was discovered. The price dropped from $0.005060 to $0.004126 around 11:10 p.m. UTC, according to CoinGecko, before recovering to about $0.0044, a 10% decline over 24 hours, with trading volume rising to roughly $24 million, a nearly sixfold increase. The network produced its last recorded block at 11:13 p.m. UTC and announced the halt about 30 minutes later in an X post from MANTRA. MANTRA said an attacker exploited a vulnerability in an upstream dependency, though it has not disclosed which software was affected or whether any assets were lost. Validators remain offline while developers prepare a patched release and coordinate with the wider group of operators to restart the network. The incident follows a token collapse of more than 90% in April 2025 and an ongoing acquisition plan by Inveniam Capital Partners, which invested $20 million in 2025 and expects to close the deal in the third quarter. The full scope of the breach and its impact on assets have not been confirmed.

Source transparency

Publisher
coindesk
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 coindesk

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