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MarketEditor’s PickAltcoinSecurity (Crypto Scams And Hacks)Real World Asset (RWA) News
Aug 21, 2026
2min read
byKamina Bashir
forBeInCrypto
MANTRA Chain halted its Layer 1 network on August 21, 2026 after an attacker exploited a vulnerability in an upstream dependency, freezing endpoints, deposits/withdrawals and validators while the team prepares a verified patch; the MANTRA token hit an all-time low of $0.0041 and traded down 8.5% as exchanges paused affected withdrawals. The outage is a major security setback and the project’s second crisis in 16 months after the April 2025 OM crash that wiped about $5.5 billion, and it contrasts with broader crypto strength (Bitcoin > $75,000, $1.06B in short liquidations, market cap +~4%), raising short-term downside risk for token performance, DeFi adoption and CEX/DEX activity.
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In Brief
- MANTRA fell to a record $0.00412 low as the team halted its blockchain.
- An attacker was exploiting a vulnerability in an upstream dependency.
- Bitcoin and the broader market gained today while MANTRA lost 8.5%.
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 fortokenizing real-world assets, was halted earlier today. Its initial notice said all endpoints and transactions were frozen.
https://x.com/MANTRA_Chain/status/2090592265765077162
A later update named the cause. The team pointed to an attacker exploiting avulnerability 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 remainsunconfirmed. 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.
MANTRA Token Price Performance
That slide ran against the broader market. Bitcoin (BTC) topped $75,000earlier 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 outabout $5.5 billion in marketvalue 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 a37% launch-day rally.
Source: cryptorank.io