Cryptocurrency NewsThe Manta network faces a major DDoS attack

The Manta network faces a major DDoS attack

Manta Network, innovatively crafted by P0xeidon Labs as a layer-2 blockchain solution, has recently showcased its resilience by effectively countering a significant distributed denial-of-service (DDoS) attack.

This challenge arose in tandem with the introduction of the network’s token on various prominent trading platforms. P0xeidon Labs’ co-founder, Kenny Li, highlighted on January 18th that the network experienced an extraordinary surge in remote procedure call (RPC) requests, totaling 135 million.

Li characterized this situation as “an intense and strategically timed assault.” Despite this, he confirmed the unwavering security of the blockchain operations, ensuring the safety of all assets. He did note, however, a temporary disruption in the communication between applications and the blockchain system.

Li’s message to the community was one of determination and gratitude: “We are steadfast in our journey. Our three-year journey of building is ongoing, and our vision remains unclouded. Your continued support is deeply appreciated.”

The timing of this DDoS attack was concurrent with the Manta token’s initiation on multiple exchange platforms, including well-known names such as Binance, Bithumb, and KuCoin. Recent updates indicate the Manta token’s price stands at $2.27, reaching a fully diluted market value of $2.2 billion. Furthermore, the trading volume has soared to nearly $861 million in the past 24 hours.


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