Token

Manta Network

Generation

<div class="coinjournal">
 <ul>
 <li dir="ltr">Manta Network (MANTA) price slips amid disruptive DDoS attack.</li>
 <li dir="ltr">Network is experiencing longer transaction times and increase in gas fees.</li>
 <li dir="ltr">MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13</li>
 </ul>
 Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72.
 The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>. The DDoS <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> flooded the network with more than 135 million fake RPC requests.
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 DDoS Attack Update on @MantaNetwork Hey everyone, we are experiencing a calculated DDoS <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicates that this is a… pic.twitter.com/EgjUiOvRl0
 — 🤓Kenny.manta 🦇🔊 (🔱,🔱) (@superanonymousk) January 18, 2024
 </blockquote>
 
 On Friday, the Manta team posted on X that following the DDoS <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>, the network was experiencing transaction delays. The accumulation of large queues of transactions was also impacting gas fees, the platform said.
 “Because of yesterday’s DDoS <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>, the network has accumulated a large queue of recent transactions. This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and working to resolve it,” a statement the blockchain platform&nbsp;posted on Friday stated.
 MANTA price was down to $2.13 at the time of writing.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/manta-network-manta-hit-by-ddos-attack-tbt77064.html">https://thebittimes.com/manta-network-manta-hit-by-ddos-attack-tbt77064.html</a>

Manta Network (MANTA) hit by DDoS attack

TheBitTimes

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