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Manta Network Suffers DDoS Attack Amid Stock Market Listing

by SuperiorInvest

Layer 2 Blockchain Manta Network Powered by Zero-Knowledge Proof experienced a widespread distributed denial of service (DDoS) attack amid a successful listing of tokens on multiple exchanges.

As Kenny Li, co-founder of p0x labs, the crypto development team behind Manta Network, said, blockchain nodes experienced over 135 million remote procedure call (RPC) requests on January 18. “This is a very aggressive and timed attack,” Li said, while stating that “the blockchain works securely” and “the funds are safe.” However, Li cautioned that “communication between applications and the blockchain is very limited” for the moment. The co-founder commented:

“Rest assured, we’re not going anywhere. We’ve been building for three years and we don’t see an end in sight. Thank you so much for your support as a community.”

The January 18 DDoS attack on Manta Network (Kenny Li)

On the same day, Manta tokens began trading on multiple exchanges including Binance, Bithumb, and Kucoin. At the time of this publication, the Manta token is valued at $2.27, indicating a fully diluted market capitalization of $2.27 billion. More than $686 million worth of Manta changed hands in the first hours of trading.

On July 19, 2023, Cointelegraph reported that p0x labs raised $25 million in its Series A funding round. The company also unveiled the testnet of its Layer 2 infrastructure, Manta Pacific, which entered the mainnet on September 12, 2023. The testnet launch in July 2023 saw the creation of 150,000 wallets and over 3.5 million transactions.

Meanwhile, Manta Atlantic’s flagship non-fungible token private offering platform launched in April 2023 and has since minted over 300,000 zero-knowledge soulbond tokens on key ecosystem partners including Arbitrum, Galxe, Linea and CyberConnect.

Related: ZK-Focused Manta Pacific Opts Out of OP Stack for Polygon CDK

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