Crypto News

MANTRA blockchain halts all transactions after security incident

Aug 22, 2026 00:58 mantra blockchain defi cosmos security
MANTRA blockchain halts all transactions after security incident

MANTRA Chain pauses network after incident

MANTRA Chain, a blockchain designed to tokenize real-world assets, has halted all transactions and frozen its network. The team took this step as a precaution after discovering an incident affecting its system.

The pause impacts deposits and withdrawals for MANTRA’s native token. Users have been advised to avoid making transactions until the issue is resolved.

What triggered the network freeze

The incident was linked to MANTRA’s Cosmos EVM module, a part of the blockchain that allows it to interact with Ethereum-based applications. According to the team, the problem affected two wallet addresses but did not result in any loss of user funds.

MANTRA stated that it has identified the root cause and contained the immediate threat. The team is now working on fixes and expects the network to resume operations within the day, pending successful testing.

Key details from the incident

  • MANTRA Chain froze all transactions and network activity on August 21, 2026.
  • The issue was isolated to the Cosmos EVM module.
  • No user funds were exploited or lost.
  • The team expects the network to restart soon after testing.
  • MANTRA’s native token (MANTRA) dropped 9.9% in the past 24 hours to $0.0044.

Official statements from MANTRA

MANTRA announced the freeze on its official X (formerly Twitter) account, stating: "We're aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate. All endpoints and transactions are currently frozen."

The team later updated users, saying: "We have identified the root cause of the incident and contained the immediate threat. No user funds have been exploited."

MANTRA’s status page also confirmed that engineering and security teams are working with external partners. Exchange and ecosystem partners have been notified to pause transactions until the issue is resolved.

What is confirmed so far

  • The network was halted as a precautionary measure.
  • The incident was limited to the Cosmos EVM module.
  • Two wallet addresses were affected, but no funds were lost.
  • The team has identified and contained the issue.
  • MANTRA’s token price fell nearly 10% following the announcement.

What remains unclear

  • The exact nature of the incident has not been fully disclosed.
  • The timeline for resuming full network operations depends on successful testing.

Why this matters for MANTRA users

MANTRA Chain is a blockchain focused on tokenizing real-world assets, such as property or commodities, into digital tokens. A network freeze can disrupt trading, transfers, and other activities for users and projects built on the platform.

Since no funds were lost, the impact appears limited to temporary inconvenience. However, users should follow official updates before attempting any transactions.

Sources

Comments (0)

Leave a comment
Your comment will appear publicly after submission.
No comments yet. Be the first to comment!