MANTRA (MANTRA) slid to an all-time low of $0.0041 as the project froze its blockchain and said an attacker was targeting a vulnerability in an upstream dependency.

The record low came as the rest of the market climbed, extending a rally that accelerated on Wednesday.

Why MANTRA Halted Its Chain

MANTRA Chain, a Layer 1 blockchain built for tokenizing real-world assets, was halted earlier today. Its initial notice said all endpoints and transactions were frozen.

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A later update named the cause. The team pointed to an attacker exploiting a vulnerability in an upstream dependency, meaning third-party code the chain relies on rather than software it wrote itself.

“Earlier today, we detected an attacker exploiting a vulnerability in an upstream dependency used by the chain and halted the network as a precaution,” the update read.

MANTRA said it has identified the vulnerability and is now preparing a patch. Its validators and infrastructure remain offline until the upgrade is ready. 

“Resuming the network will require a coordinated restart with the wider validator set — we will not resume until the patch is verified and that coordination is in place,” it added.

The team is also tracing where funds moved and has contacted exchange partners. Deposits and withdrawals remain paused at affected venues, and the total scope of the impact remains unconfirmed. The team also warned holders to ignore anyone offering recovery help.

MANTRA Misses a Market-Wide Rally 

The incident has also impacted the token. MANTRA changed hands at $0.0044 at press time, down 8.5% on the day. 

That slide ran against the broader market. Bitcoin (BTC) topped $75,000 earlier today as short liquidations reached $1.06 billion. Other major cryptocurrencies also traded higher, lifting the total crypto market capitalization by nearly 4% over the past day.

The incident marks the network’s second major crisis in 16 months. Its token, then known as OM, lost nearly 90% of its value in April 2025, wiping out about $5.5 billion in market value in less than an hour.

The project retired the OM ticker this March. A non-dilutive 1:4 split at block 13,000,000 converted each OM into four MANTRA, and the token posted a 37% launch-day rally.

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Source: BeInCrypto