Manta Network Suffers DDoS Attack
Manta Network, a modular layer two (L2) protocol, recently fell victim to a distributed denial-of-service (DDoS) attack. The attack, which occurred during a token issuance event, resulted in a surge in pending transactions. The attack was deemed aggressive and timed, with 135 million requests hitting the network’s RPC nodes. This led to severe limitations in communication between the protocol and Manta Network apps, such as New Paradigm and Into the Blue. To mitigate the impact of the attack, Manta Network is actively working on implementing DDoS mitigation efforts and collaborating with partners and service providers.
Allegations of Money Laundering and Scams
Following the attack, allegations of money laundering and scams were raised against Manta Network. One individual claimed that Manta Network engaged in money laundering through Bithumb, while another accused the team of copying a token-dumping tactic performed by insiders. In response, Manta Network clarified that the funds in question were disbursed to Bithumb for liquidity purposes. The team is taking these allegations seriously and is focused on resolving the ongoing DDoS attack. At present, the MANTA token is trading at $2.27 with a market capitalization of over $560 million.
Hot Take: Manta Network Faces DDoS Attack and Controversies
Manta Network, a modular layer two (L2) protocol, encountered a significant distributed denial-of-service (DDoS) attack during its token issuance event. The attack led to a backlog of transactions and hindered communication with Manta Network apps. As the team works diligently to counter the attack, the incident has also brought attention to allegations of money laundering and scams directed at Manta Network. The team has denied these claims and continues to focus on resolving the DDoS attack. It remains to be seen how this incident and the associated controversies will impact Manta Network’s reputation and future endeavors.
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