Manta Network Suffers From DDoS Attack
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Manta Network Suffers From DDoS Attack

Manta Network, a zero-knowledge proof-powered layer-2 blockchain, faced a widespread DDoS attack on January18, coinciding with the successful listing of its token on major exchanges. 

Despite the attack, Manta Network’s co-founder assured users that the blockchain and funds remained secure, and communication between apps and the blockchain are back online.

The DDoS attack occurred as Manta tokens began trading on exchanges like Binance, Bithumb, and KuCoin. 

Despite the attack, the Manta Network token saw strong demand, reaching a market capitalization of $573 million.

See Also: Manta Pacific’s Long-anticipated Airdrop Failed To Meet Expectations

​​Kenny Li, co-founder of P0xeidon Labs, the developers of Manta Network, tweeted

“We are disappointed that this was impacted by malicious actors attempting to cause harm not just to Manta, but to all of its users and projects. 

But we remain resilient and continue to fight and build just as we have been doing for the past three years, and just as we will continue to do in the future. We are happy to announce that we are now coming back online.”

Manta Network has experienced significant growth in recent months, with Manta Pacific, its layer-2 infrastructure, seeing a 70x increase in total value locked (TVL) to $858 million.

See Also: Systematic Alpha Management CEO Sentenced To Two Years Imprisonment For Crypto Fraud 

Additionally, Manta Atlantic’s NFT private offering platform has minted over 300,000 zero-knowledge soulbound tokens with key ecosystem partners.

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