Token

Manta Network

<p>Manta Network, a well-known layer-2 blockchain, experienced a distributed denial-of-service (DDoS) <a href="https://optimisus.com/news/crypto-news/hackers-tries-to-steal-over-15-billion-in-xrp-from-bitfinex-fails/" rel="noopener noreferrer nofollow">attack</a> shortly after the issuance of its governance token, $MANTA.</p>  
<p>Despite the disruption, $MANTA prices rose by 25%, bringing Manta's market capitalization above $550 million.</p>  
<p>The DDoS attack on Manta Network occurred on Thursday, resulting in network delays and slower withdrawals.</p>  
<p>Manta developers acknowledged the incident in an X post, explaining the network impact and assuring users that they are actively working to resolve the issues.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/MantaNetwork/status/1748239783036596715?s=20
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<p>At the time of writing, no specific information about the identity of the threat actor behind the DDoS attack was disclosed.</p>  
<p>Kenny Li, co-founder of P0xeidon Labs, revealed that the cryptographic development team received more than 135 million remote procedure call (RPC) requests on January 18.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/superanonymousk/status/1747968680686993800?s=20
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<p>This influx caused initial performance fluctuations and eventually resulted in a network-wide slowdown. Li characterized the attack as "very aggressive and timed."</p>  
<p>Despite the disruptive DDoS attack, Manta developers emphasize that user funds are secure and the blockchain is "running safely".</p> 
<p>The post <a href="https://optimisus.com/news/crypto-news/manta-network-faces-ddos-attack-shortly-after-token-issuance-manta-prices-surge/" rel="noopener noreferrer nofollow">Manta Network Faces DDoS Attack Shortly After Token Issuance, $MANTA Prices Surge</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.</p>

Manta Network Faces DDoS Attack Shortly After Token Issuance, $MANTA Prices Surge

Optimisus

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