MANTRA freezes all transactions and network following unspecified incident

MANTRA Chain, a Layer 1 blockchain focused on real-world asset tokenization, has halted the network as a precautionary measure while investigating an unspecified incident."We're aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate," the team wrote on X. "All endpoints and transactions are currently frozen."The cessation of the network impacts deposits and withdrawals to and from MANTRA, the team wrote, advising users to refrain from making transactions until more information is shared.The team stated that it has not yet identified a root cause or established a timeline for resolution. MANTRA's official status page states that its engineering and security teams are working with external partners and have notified its exchange and ecosystem partners to pause transactions for its native token until the issue is resolved.MANTRA (MANTRA) token is down 9.9% in the past 24 hours to $0.004406. The Block has reached out to MANTRA for comment.Meanwhile, MANTRA announced in June that its strategic backer, Inveniam Capital Partners, will acquire the platform, with the deal expected to close in the third quarter of this year. The deal follows the MANTRA token's major collapse in 2025 and the company's subsequent restructuring and layoffs.This is a developing story.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.