1 month ago
13
The project’s official status page confirmed that validators and infrastructure were taken offline as an emergency precaution. Migrate bridge operations and MANTRA-managed IBC relays are frozen, while centralized exchange partners have locked down deposits and withdrawals for the native token.
The sudden shutdown triggered immediate market panic, sending the token down roughly 10% for the past 24H on high volume to a record low near $0.0041 before a slight recovery. With foundational questions swirling around the scope of the breach, the incident places heavy pressure on the network’s leadership.
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