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FollowingMANTRA confirms a loss of US$3.6 million due to Cosmos EVM vulnerability and has frozen some tokens.
MANTRA, a blockchain platform that focuses on tokenization of real-world assets, confirmed that a security incident occurred on August 20 resulted in losses of approximately US$3.6 million. The vulnerability stems from a balance deduction flaw in the Cosmos EVM module, which resulted in approximately 721 million MANTRA tokens being illegally transferred out from on-chain destruction addresses and Genesis multi-signature addresses.
Security vulnerability details
The project disclosed that the vulnerability allowed attackers to exploit a flaw in the balance deduction mechanism to transfer tokens from addresses that should not be accessible. In response, the MANTRA team implemented a network upgrade and successfully froze 37.96 million MANTRA tokens, preventing further illegal transfers. However, the remaining tokens have been transferred to multiple exchanges.
Investigation and Recovery Progress
MANTRA said that relevant agencies have been involved in the investigation, but no funds have been recovered so far. The team promised to strengthen monitoring of abnormal accounts and strengthen security protocols to prevent similar incidents from happening again. The incident highlights the ongoing risk in the DeFi and blockchain space-even heavily audited modules can contain critical vulnerabilities.
Impact on the crypto ecosystem
This incident emphasized the importance of strict security audits and rapid response mechanisms. For MANTRA, which aims to connect traditional finance and blockchain through tokenized assets, maintaining user trust is crucial. The successful freezing of some stolen funds shows the effectiveness of coordinating a network response, but the loss is also a reminder of the evolving nature of threats in the crypto industry.
Conclusion
The security incident at MANTRA is a major event for the Cosmos ecosystem and the broader crypto market. Although the project has taken urgent measures to mitigate losses, it remains uncertain whether the funds will be fully recovered. In the future, strengthening security measures and proactive monitoring will be the key to rebuilding user and investor confidence.
FAQs
Question: What was the cause of the MANTRA security incident?
Answer: The incident originated from a balance deduction vulnerability in the Cosmos EVM module, which allowed an attacker to make illegal transfers from the destruction address and the Creation multi-signature address.
Question: How much was lost and how much was recovered?
Answer: About US$3.6 million worth of MANTRA tokens were stolen, but 37.96 million tokens were frozen through network upgrades. No funds have been recovered so far.
Question: What measures is MANTRA taking to prevent similar incidents in the future?
Answer: MANTRA is working with relevant agencies to strengthen abnormal account monitoring and improve security protocols to reduce future risks.
