2024

Pacific

Manta Network

Coin

<p>Manta Network, a renowned Layer 2 blockchain platform, encountered a formidable Distributed Denial of Service (DDoS) attack. This incident occurred amid the high-profile listing of its token on multiple exchanges.</p>
<p>Despite the severity of the attack, which bombarded the network’s nodes with over 135 million remote procedure call (RPC) requests, Manta Network maintained operational integrity and assured users of the safety of their funds.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">At around 9AM UTC, Manta Pacific chain experienced an RPC flood and we are resolving. The chain is running fine, blocks are producing, and accessibility is back online soon.</p>— Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) <a href="https://twitter.com/MantaNetwork/status/1747917726109327663?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">January 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="cyber-attack-amid-token-generation-event">Cyber attack amid token generation event</h2>
<p>January 18 marked a crucial day for Manta Network, not only for its token listing on leading exchanges like Binance, Bithumb, and KuCoin but also for facing an unprecedented cyber challenge. The DDoS attack targeted the network’s communication channels, causing significant disruptions. However, Kenny Li, co-founder of P0xeidon Labs, the cryptographic development team behind Manta Network, confirmed the blockchain’s resilience amidst the turmoil. He emphasized that the blockchain is running safely and that user funds remain secure.</p>
<p>A Distributed Denial-of-Service attack is a malicious attempt to disrupt normal web traffic and overwhelm a target with a flood of Internet requests. This type of cyberattack can temporarily or indefinitely interrupt or suspend the services of a host connected to the Internet, posing a substantial threat to digital infrastructures like Manta Network.</p>
<h2 class="wp-block-heading" id="manta-coin-price">Manta Coin price</h2>
<p>Following the attack, the Manta Network <a href="https://coinmarketcap.com/currencies/manta-network/" rel="noopener noreferrer nofollow" target="_blank">has declined</a> by 7% in the past 24 hours, with its token valued at $2.11 at the time of writing.</p>
<p>However, the incident has not dampened the spirit of Manta Network’s team, which extends gratitude to its community for support and reassurance. The team is focused on enhancing the network’s resilience against future threats and restoring normalcy.</p>
<p>Nonetheless, Manta Network’s journey has been marked by significant achievements, including a successful $25 million Series A funding round by P0xeidon Labs and the launch of its Layer 2 infrastructure, Manta Pacific. The network has processed over 3.5 million transactions and created 150,000 wallets during its testnet phase.&nbsp;</p>

Manta Network faces DDoS attack amid token launch

Table of Contents

Cryptopolitan_News

Other articles published on Jan 18, 2024

Bullish Outlook for Polygon; Rebel Satoshi and XRP Set for Potential Gains

Spot Bitcoin ETF Approval Was a Sell-the-News Event: CryptoQuant

SEC delays decision on Fidelity's spot Ethereum ETF

Kraken CEO Talks Bitcoin ETF Approvals, Custody Products, and Exchange’s Future

This Move Will Trim Zero From Shiba Inu (SHIB) Price

XRP’s Critical Support Battle at $0.55: A Potential Precipice

Join our free newsletter for daily crypto updates!