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

1 min read

Manta Network, a well-known layer-2 blockchain, experienced a distributed denial-of-service (DDoS) attack shortly after the issuance of its governance token, $MANTA. Despite the disruption, $MANTA prices rose by 25%, bringing Manta’s market capitalization above $550 million. The DDoS attack on Manta Network occurred on Thursday, resulting in network delays and slower withdrawals. Manta developers acknowledged the incident in an X post, explaining the network impact and assuring users that they