MANTRA’s token fell 18.5% from $0.005060 to a record low of $0.004126 around 11:10 p.m. UTC Thursday, shortly before the network stopped producing blocks after 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, according to CoinGecko. MANTRA halted the chain roughly half an hour after the low, freezing endpoints and transactions as a precaution. The outage affects public endpoints, validators, bridge operations and MANTRA-managed links used to communicate with other blockchains. The project said an attacker exploited a vulnerability in an upstream dependency, or external software used by MANTRA Chain, and that developers were preparing and testing a patched release. Validators remain offline, and restarting the network will require coordination among transaction-verifying operators. MANTRA is tracing fund movements and working with exchanges, but has not disclosed the software involved, the attack method or whether assets were lost. The incident follows a more than 90% collapse in MANTRA’s former OM token in April 2025, which erased more than $5 billion in market value, and comes as the sector faces continuing security concerns while institutions consider tokenizing real-world assets. Inveniam Capital Partners, which invested $20 million in MANTRA last year, said in June it planned to acquire the project, with the deal expected to close in the third quarter.