Manta Network Resists Distributed Denial of Service (DDoS) Attack as MANTA Token Lists and Price Fluctuates

LONDON – Manta Network, a leading blockchain scaling solution, faced a distributed denial of service (DDoS) attack today, coinciding with the listing of its MANTA token on major crypto exchanges -currencies, including Binance. Despite the cyberattack, the network managed to maintain its operational integrity and safeguard user assets.

The introduction of the MANTA token on exchanges initially led to a price surge. However, the token’s value experienced a slowdown, falling by more than 5%, following a controversial action by the Korean representative in charge of the project’s business development. The representative sold 2 million MANTA coins, converting them into a substantial amount of Ether.

Despite the price volatility and the attack, Manta Network continues to hold a significant position in the market, with a market capitalization exceeding $533.99 million after the incident. The network is recognized for its high total blocked value (TVL), highlighting its status as a key player in the blockchain scalability arena.