MANTRA’s token fell 18.5% from $0.005060 to an all-time low of $0.004126 around 11:10 p.m. UTC Thursday, shortly before MANTRA Chain stopped producing blocks following a software exploit. The token later recovered to about $0.0044 but remained down roughly 10% over 24 hours, while trading volume rose nearly 600% to $24 million. The network’s last recorded block was produced at about 11:13 p.m. UTC, and MANTRA announced a halt roughly 30 minutes later. The project initially froze transactions, public endpoints, deposits and withdrawals as a precaution. It later said an attacker had exploited a vulnerability in an upstream dependency, or externally developed software used by MANTRA Chain, and that developers were preparing a patched release. Validators (operators that verify transactions and maintain the network) remain offline, while MANTRA coordinates a restart, traces fund movements and works with exchanges. The project has not disclosed the exploited software, the attack method or whether assets were lost, saying its assessment of the full impact remains ongoing. The outage affects public endpoints, validators, bridge operations and MANTRA-managed links to other blockchains. The incident follows the collapse of MANTRA’s former OM token by more than 90% in April 2025, which erased more than $5 billion in market value. Inveniam Capital Partners, which invested $20 million in MANTRA last year, said in June that it planned to acquire the project, with the deal expected to close in the third quarter.