Crypto
Home›Crypto›Market Structure›MANTRA halts chain after Cosmos EVM module incident
MANTRA halts chain after Cosmos EVM module incident
MANTRA said the freeze affected two MANTRA-managed wallet addresses and that it had contained the threat, but the chain remained down as of Friday morning.
MANTRA halted its Layer 1 blockchain late Thursday, citing an incident in the Cosmos EVM module. The team said it later found the root cause and contained the threat, but the network was still down.
In its initial disclosure at 8:10 p.m. ET on Aug. 20, MANTRA said all endpoints and transactions were frozen and that it had no root cause or timeline to share. Roughly nine and a half hours later, it narrowed the scope of the event to the Cosmos EVM module and said the incident affected two wallet addresses it manages, adding that no user funds were exploited.
MANTRA has not published the amount involved, named the flaw, or said whether any assets moved out of the two wallets, and it promised a post mortem. The company also indicated there was no indication that user, exchange, or partner funds were affected.
The halt disrupts settlement on a chain designed to hold regulated real-world assets. The MANTRA token, renamed from OM in a 1:4 redenomination that took effect in March, fell to an all-time low of $0.0041 around 23:09 UTC on Aug. 20 and later recovered to $0.0048 by 14:00 UTC Friday, down roughly 4% over 24 hours, CoinGecko data shows.