Manta Network (MANTA) hit by DDoS attack

1:51 am
January 21, 2024

**Manta Network (MANTA) Faces DDoS Attack, Leading to Price Drop and Transaction Issues**

Manta Network, a Layer 2 modular blockchain, has been hit by a distributed denial of service (DDoS) attack during its Token Generation Event (TGE) on January 18. The attack resulted in disrupted network performance, causing longer transaction times and increasing gas fees. The MANTA token experienced a sharp increase in value following its listing on major exchanges, reaching a high of $2.72, but has since dropped to $2.13 amidst the DDoS attack.

The DDoS attack flooded the network with over 135 million fake RPC requests, impacting the Manta Network’s functionality. In response, the Manta team acknowledged the attack and communicated that the network was experiencing transaction delays and a buildup of transaction queues, leading to higher gas fees.

The MANTA token, which was listed on exchanges such as Binance, BingX, and MEXC, experienced a 20% decrease in value following the peak. Despite the challenges posed by the DDoS attack, the team is actively working to resolve the issues and ensure the network’s stability and security.

*Summary:* Manta Network (MANTA) encountered a DDoS attack during its Token Generation Event, resulting in disrupted network performance, longer transaction times, and increased gas fees. The attack caused the MANTA token price to drop from its peak value, prompting the team to address the issues and work towards resolving them.

**FAQ**

1. **What is Manta Network (MANTA)?**
Manta Network is a Layer 2 modular blockchain designed to provide privacy-preserving, secure, and scalable DeFi infrastructure for the next generation of Web3.

2. **How did the DDoS attack impact Manta Network?**
The DDoS attack flooded the network with more than 135 million fake RPC requests, leading to disrupted network performance, longer transaction times, and increased gas fees.

3. **How did the MANTA token price react to the DDoS attack?**
Following the DDoS attack, the MANTA token’s price dropped from its peak value, experiencing a 20% decrease.

4. **What exchanges is the MANTA token listed on?**
MANTA token is listed on exchanges such as Binance, BingX, and MEXC.

5. **How is the Manta team addressing the DDoS attack and its impact?**
The Manta team is actively working to resolve the issues caused by the DDoS attack, aiming to restore the network’s stability and security.


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