Layer-2 blockchain network Manta Network, supported by zero-knowledge proofs, announced that it experienced a widespread distributed denial of service (DDoS) attack in the midst of a successful token listing on multiple exchanges. Due to the attack, the network’s block production stopped, and many users who were eligible for the airdrop event were unable to claim their tokens. It has not yet been announced what measures will be taken in response to the issue.
Immediate Response to the Incident
According to Kenny Li, the co-founder of P0xeidon Labs, the cryptographic development team behind Manta Network, the blockchain blocks were subjected to over 135 million remote procedure call (RPC) requests on January 18th.
Describing it as a very aggressive and timed attack, Li stated that the blockchain network is operating securely and that funds are safe. However, Li warned that communication between applications and the blockchain network is currently severely limited. The co-founder also shared the following statement:
“Rest assured, we are not going anywhere. We have been building for three years and do not see an end in sight. We are very grateful for your support as a community.”
Noteworthy Details About Manta
On January 18th, the Manta token began trading on multiple exchanges, including Binance, Bithumb, and KuCoin, in conjunction with the Manta token listing. At the time of writing, the Manta token was valued at $2.27, indicating a market cap of $2.27 billion. In the first few hours of trading, over $686 million worth of Manta tokens changed hands.
On July 19, 2023, P0xeidon Labs announced that it had raised $25 million in a Series A funding round. The company also introduced the testnet of its Layer-2 infrastructure Manta Pacific, which launched the mainnet on September 12, 2023. During the testnet launch in July 2023, 150,000 wallets conducted over 3.5 million transactions.
With all these developments, Manta Atlantic’s flagship NFT platform was launched in April 2023 and has since introduced over 300,000 zero-knowledge-supported NFTs to the market, including significant ecosystem partners such as Arbitrum, Galxe, Linea, and CyberConnect.
