The RWA-focused Layer 1 froze transactions and halted validators after an exploit hit an EVM dependency module.
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Developers behind the real-world asset (RWA) blockchain MANTRA paused block production following an exploit. According to CoinMarketCap, the native token plummeted roughly 6% over 24 hours to an all-time low of $0.004144 shortly before the network went completely dark.
The incident triggered a massive wave of trading activity, sending 24-hour volume surging nearly 600% to $24 million.
MANTRA produced its final block at 23:13 UTC on August 20. Roughly half an hour later, the team halted the network, freezing all endpoints, transactions, cross-chain bridges, and exchange deposits or withdrawals.
The outage stemmed from a vulnerability in its Cosmos EVM module, which impacted two wallets.
However, team representatives stated that user funds remain safe, framing the chain halt and upcoming patch as precautionary measures to mitigate further risks to users and assets.
The exploit hits amid an ongoing rough patch for the ecosystem. Back in April 2025, MANTRA's legacy OM token suffered a brutal crash of over 90%, wiping out more than $5 billion in market value.
Meanwhile, investment firm Inveniam Capital Partners, which poured $20 million into MANTRA in 2025, announced plans to acquire the project.
The buyout deal is scheduled to close in the third quarter.
Read Also: MANTRA Suggests Ending ERC20 Version of OM
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.
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