MANTRA Blockchain Halted Due to Cosmos EVM Module Issue

MANTRA, a blockchain platform licensed in Dubai, has suspended its Layer 1 network since late Thursday evening due to an incident linked to its Cosmos EVM module. The team announced on Friday morning that they have identified the root cause of the issue and have contained the threat, although the network remains offline. The disruption was disclosed at 8:10 p.m. ET on August 20.

According to MANTRA, the incident affected two wallets controlled by the project. The team clarified that no user funds were taken during the event and has not specified whether any assets left those wallets. The network's downtime is currently ongoing as the team works to restore full functionality.

This incident highlights ongoing challenges in blockchain infrastructure, particularly in complex modules like Cosmos EVM integrations. MANTRA has not provided a timeline for when the network will be operational again but emphasizes that the situation is under control.

The event underscores the importance of security and stability in Layer 1 blockchain networks, especially those involved in real-world asset (RWA) management and operating under regulatory licenses. Further updates are expected as MANTRA continues its investigation and recovery efforts.