Manta Network

Manta Network, a layer-2 blockchain developed by P0xeidon Labs, has successfully mitigated a large-scale distributed denial-of-service (DDoS) attack. 
The <a href="https://twitter.com/superanonymousk/status/1748021290236313929" target="_blank" rel="noopener">already-resolved</a> incident coincided with the network’s token debut on several major exchanges. Kenny Li, co-founder of P0xeidon Labs, <a href="https://twitter.com/superanonymousk/status/1747968680686993800" target="_blank" rel="noopener">reported</a> on Jan. 18 that the blockchain faced an unprecedented 135 million remote procedure call (RPC) requests. 
Describing the event as “a very aggressive and timed attack,” Li assured that the blockchain operations remained secure and all funds were safe. However, he cautioned that communication between applications and the blockchain was temporarily hindered. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="544" src="https://crypto.news/app/uploads/2024/01/image-58-1024x544.png" alt="Manta Network hit with now resolved DDoS attack - 17" class="wp-image-14240010">
 <figcaption class="wp-element-caption">
 Number of network events chart | Source: X
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/manta-network-addresses-rpc-flood-amidst-manta-airdrop-hype/"> Manta Network addresses RPC flood, amidst MANTA airdrop hype </a> 
<blockquote class="wp-block-quote"> 
 Rest assured, we are not going anywhere. We have built for three years, and we see no end in sight. Thank you so much for your support as a community. <cite>Kenny Li</cite>
</blockquote> 
This DDoS attack occurred as Manta tokens began trading on multiple exchanges, including Binance, Bithumb, and KuCoin. As of the latest reports, the Manta token is valued at $2.27, achieving a fully diluted market capitalization of $2.2 billion. The trading volume has neared $861 million within the last 24 hours. 
 Read more: <a href="https://crypto.news/binances-44th-launchpad-token-manta-slated-for-multi-exchange-rollout/"> Binance’s 44th launchpad token Manta slated for multi-exchange rollout </a>

Manta Network hit with now resolved DDoS attack

crypto.news

Other articles published on Jan 18, 2024

Shiba Inu Emerges as Top Traded Coin on India’s WazirX Exchange

Musical Artists Are Getting a Metaverse Platform Real Soon

Minutes Network Forms Strategic Relationship with USA Wholesale Voice Communications Aggregator N...

Binance Futures Announces Listing of This Altcoin with 50x Leverage!

First TradFi Ethereum Layer 2 Powered by Polygon; Consistent Growth Seen for Filecoin and Borroe ...

Franklin Templeton set sights on Solana and Ethereum after BTC’s success

Join our free newsletter for daily crypto updates!