MANTRA Chain halted after unknown incident

The MANTRA network has been completely halted as a precaution after the team uncovered an unknown incident. All transactions are frozen and deposits and withdrawals are temporarily unavailable. The cause has not yet been determined. This is not the first time MANTRA has been embroiled in controversy: the OM token lost approximately 90% of its value within a short period in April 2025.

In short:

• MANTRA Chain has paused the network and frozen all transactions after an unknown incident.
• Deposits and withdrawals are temporarily unavailable. The cause and a timeline for recovery are still unknown.
• The OM token already plummeted by approximately 90% in a short period in April 2025.

Network frozen, cause still unclear

MANTRA Chain, a Layer 1 blockchain focused on real world assets (RWA), reports that it has halted the chain as a precaution while investigating an incident. All connection points and transactions are currently frozen, the team says.

As long as the network is down, users cannot deposit funds to or withdraw funds from MANTRA Chain. The team advises against sending any transactions until there is more clarity, and asks users to follow only the official MANTRA channels for updates.

Cause and recovery plan still missing

The team states that it has not yet determined a cause and cannot yet provide a timeline for the network’s recovery. As soon as verified information becomes available, it will be shared through the official channels.

MANTRA previously raised $11 million and later launched an ecosystem fund of $108.8 million. Among its capital and strategic partners are Laser Digital, the digital arm of Nomura, and Brevan Howard Digital.

OM token previously crashed by 90%

MANTRA is known as the project behind the OM token. That coin lost approximately 90% of its value within a short period in April 2025, which caused a great deal of commotion in the crypto community at the time.

It is still unclear whether the current incident is related to previous problems. The team has not yet announced when the network will be operational again.