mantra

Cosmos Labs released a technical report, admitting that it previously misjudged an integer underflow vulnerability in the Cosmos EVM, which led to attacks on six blockchain networks between August 20 and 25, resulting in a total theft of approximately $5.7 million in tokens. The attacker exploited the vulnerability to underflow account balances to the maximum value of 2^256-1, then performed a reverse operation to transfer the inflated balance out, thereby stealing tokens from the target accounts without creating tokens out of thin air.The report shows that researchers submitted the defect through a bug bounty program on April 25, but testers were unable to reproduce it on the existing Cosmos chain configuration, so Cosmos Labs silently patched it in May. Independent researchers confirmed in early August that the vulnerability affected all Cosmos EVM chains, and Cosmos Labs released a patch on August 19, but the first attack occurred about 20 hours later.In terms of specific losses, MANTRA lost 720.9 million tokens (approximately $3.6 million), TAC lost nearly 3 billion TAC, and KiiChain lost about 148 million KII. Both MANTRA and KiiChain criticized Cosmos Labs for not notifying the affected chains in advance and suggesting a shutdown, with KiiChain stating that the patch would take several days to deploy while a shutdown would only take a few minutes. Cosmos Labs stated that it has coordinated responses with 40 chains and assisted 13 chains in completing repairs or shutdowns before being attacked.

On August 20, MANTRA Chain released a complete review report of the security incident, confirming that the attacker exploited an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency cosmos/evm, unauthorizedly transferring a total of 720,923,967.99 MANTRA from two addresses, valued at approximately 3.6 million dollars based on the price before the attack. Among them, the attacker transferred 600,000,035.56 MANTRA from the on-chain burn address and 120,923,932.44 MANTRA from a genesis-era multi-signature address related to an early incentive program.MANTRA stated that this incident did not involve the leakage of validator keys, administrator privileges, governance control, or multi-signature signers; the attacker did not require privileged access and could complete the attack solely through unauthorized contract deployment and self-funded wallets. The first abnormal transfer occurred at 19:06 UTC on August 20, when the attacker transferred approximately 600 million MANTRA from the burn address; subsequently, at 22:59 UTC, another transfer of approximately 120.9 million MANTRA was made. The chain subsequently stopped operating at 23:13 UTC and resumed after upgrading to v8.4.0. The entire network interruption lasted for 30 hours and 13 minutes.This vulnerability was not an issue with MANTRA's self-developed code but originated from the cosmos/evm module, which is responsible for providing EVM functionality on the Cosmos SDK. The vulnerability allowed the attacker to execute unsigned balance deductions without checking if the balance was sufficient, causing an overflow of values and bypassing normal account authorization logic. MANTRA stated that as of today, no funds have been recovered, with approximately 37.96 million MANTRA (accounting for 5.27% of the total transferred) still remaining in the attacker's address, which has been frozen due to the chain's suspension and v8.4.0 restrictions. The remaining funds have flowed to related trading platforms, and the recovery efforts have entered the law enforcement investigation stage. In the future, monitoring of accounts that cannot normally authorize transfers, burn addresses, and other historically "non-transferable" addresses will be strengthened, and efforts will be made to promote improvements in the security vulnerability disclosure process within the Cosmos ecosystem.

RWA Layer 1 blockchain MANTRA Chain stated that the vulnerability in the Cosmos-EVM module has been fixed, the network is now back up and producing blocks, and the incident did not affect user funds. The team will release a complete post-incident analysis report in the coming days.

On August 21, Upbit listed MANTRA (OM) as a trading warning item, and the deposit and withdrawal of this cryptocurrency has been suspended.

MANTRA Chain tweeted that it has noticed events affecting MANTRA Chain and has temporarily suspended the operation of the chain as a precautionary measure while conducting an investigation. Currently, all endpoints and transactions have been frozen.This means that deposits to MANTRA Chain and withdrawals from the chain are temporarily affected. If users are unsure of the specific impact on a particular transaction, it is recommended to pause operations and wait for further notice. The team stated that there is currently no fundamental cause or recovery timeline to announce and will update as soon as verified information is obtained through official channels, reminding users to rely only on official MANTRA channels for updates.

According to The Block, the public chain MANTRA, focused on the tokenization of RWA assets, will be fully acquired by its strategic investor Inveniam Capital Partners, with the transaction expected to be completed in the third quarter of this year. Inveniam had previously invested $20 million in MANTRA before its restructuring in 2025.MANTRA holds a VASP license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to operate a digital asset exchange and provide services such as brokerage, proprietary management, and investment. The Layer2 network NVNM Chain, jointly developed by both parties, is positioned to register identities and limit permissions for autonomous AI agents in compliant scenarios, as well as to record on-chain evidence that can be independently verified by regulators and counterparties.

According to the official announcement, Bitget has launched the U-based MANTRA perpetual contract, with a leverage range of 1-50 times. The contract trading BOT will also be opened simultaneously.

Binance will launch the principal-protected earning product for MANTRA (MANTRA) on March 4, 2026, at 16:00, and will open for subscription. At the same time, users can purchase MANTRA through the one-click buy feature, and the exchange platform will also support the conversion of MANTRA.Binance's leverage and unified accounts will add MANTRA as a borrowable asset, and the trading pairs MANTRA/USDT and MANTRA/USDC will be available for leveraged trading. In addition, Binance contracts will launch MANTRA perpetual contracts with 1-50 times U-based leverage, with a maximum leverage of up to 50 times.

According to official news, MANTRA will complete the OM token upgrade on March 3, including a token code change and a 1:4 split. Users who have stored OM tokens on the MANTRA Chain or supported exchanges do not need to take any action; the system will automatically update the token code and increase the token quantity to four times the original.The official reminder states that users who still store OM tokens on the Cosmos blockchain (such as Stargaze, Osmosis, etc.) face the risk of not receiving the 1:4 revaluation. These users need to immediately transfer their OM tokens to the MANTRA Chain via the IBC cross-chain bridge.

Binance announces that it will support the conversion of MANTRA (OM) tokens, split pricing, and rename it to MANTRA (MANTRA). OM will be converted at a ratio of 1 OM = 4 MANTRA and will continue to use the new ticker MANTRA. Starting from February 23, OM-related contracts will stop opening new positions and will be automatically settled; from February 14 to 23, OM will be delisted from Cross / Isolated Margin and trigger automatic repayments and asset conversions;Starting from February 20, Buy & Sell Crypto will remove OM; on February 23, Binance Loans will close OM lending; from February 27, Simple Earn will redeem OM products and will allow re-subscription with MANTRA after March 4; on March 2, OM spot, Convert, Gift Card, and other scenarios will be fully delisted, and on March 4, new spot trading pairs for MANTRA will be launched, and OM withdrawals will be stopped.

MANTRA co-founder JP Mullin announced a company restructuring, including a reduction in team size. This restructuring primarily affects support positions in business development, marketing, human resources, and more.JP Mullin stated that from Q1 2024 to Q1 2025, MANTRA made significant investments in real-time asset tokenization, blockchain, and ecosystem development. However, adverse events in April 2025, ongoing market downturns, increased competition, and changes in market dynamics have made its cost structure inconsistent with recent realities.To improve capital efficiency, MANTRA plans to adopt a more streamlined operational model in 2026, concentrating resources and focusing on core business execution. The company has already taken measures to cut unnecessary expenses and optimize processes, but further adjustments through layoffs are necessary to align operations with future development paths.

According to the RootData calendar page, next week includes several important news items such as project dynamics, macroeconomic finance, token unlocks, incentive activities, and presale events. Details are as follows:January 12:Zama announces that the Dutch auction-style public sale of tokens will start on January 12;RAIN unlocks 3,705,542.92 tokens, valued at $31,216.94, accounting for 10.908% of the circulating supply;APT unlocks 1,093.5 tokens, valued at $1,979.24, accounting for 1.451% of the circulating supply.January 13:Fogo launches its mainnet;Fogo plans to release tokens on 2026-01-13 00:00:00;Recall airdrop token claim stops;U.S. 10-year Treasury auction results as of January 12 - winning yield;U.S. December unadjusted core CPI year-on-year;U.S. December seasonally adjusted core CPI month-on-month;U.S. December seasonally adjusted CPI month-on-month;U.S. December unadjusted CPI year-on-year;FOMC permanent voting member and New York Fed President Williams gives a speech.January 14:BNB Chain will perform a Fermi hard fork on the BSC mainnet at 02:30 UTC on January 14, 2026;PUFFER unlocks 1,916.67 tokens, valued at $110.39, accounting for 5.515% of the circulating supply;U.S. November PPI month-on-month;U.S. November PPI year-on-year;2026 FOMC voting member and Philadelphia Fed President Harker gives a speech on economic outlook.January 15:MANTRA will discontinue all ERC20 $OM on January 15;DBR unlocks 66,833.33 tokens, valued at $1,258.19, accounting for 16.288% of the circulating supply;Renzo will conduct its third monthly token burn on January 5;Ravencoin's next block reward halving is scheduled for January 15, 2026;CYBER unlocks 736,100 tokens, valued at $562,000, accounting for 1.33% of the circulating supply;2026 FOMC voting member and Minneapolis Fed President Kashkari gives a speech.January 16:ARB unlocks 12,352.78 tokens, valued at $2,583.79, accounting for 2.158% of the circulating supply;VANA unlocks 256.51 tokens, valued at $607.92, accounting for 8.307% of the circulating supply.January 17:ZK unlocks 17,314.47 tokens, valued at $599.18, accounting for 2.016% of the circulating supply;Federal Reserve Vice Chair Jefferson gives a speech.January 18:ONDO unlocks 193,942 tokens, valued at $77,425.14, accounting for 61.345% of the circulating supply;QAI unlocks 250,000 tokens, valued at $1,773, accounting for 31.102% of the circulating supply;Additionally, there is a button at the top of the RootData calendar page for generating image shares, allowing users to select important events for sharing.Risk Warning: This calendar does not constitute any investment advice.

The Layer1 blockchain MANTRA, focused on RWA assets, reminds on platform X that currently, less than 8% of the total OM token supply is the ERC20 version of the OM token. On January 15th, all ERC20 versions of the OM token will be officially deprecated, please migrate as soon as possible.

ChainCatcher news, the RWA sector project MANTRA team has proposed a new proposal to change the token name from OM to MANTRA and implement a 1:4 token split.

ChainCatcher news, MANTRA announces its first $25 million OM token buyback. Additionally, with a $20 million investment from Inveniam.io, the total committed amount reaches $45 million, driving the development of the RWA ecosystem.

ChainCatcher news, the decentralized finance infrastructure project MANTRA has announced an important proposal to abolish the ERC20 version of the OM token and fully migrate OM to MANTRA Chain as the only native token. This proposal aims to optimize the project's token economic model by integrating liquidity, setting a total supply cap of 2.5 billion OM, adjusting the token inflation rate to 8%, and enhancing network security performance.Data shows that since the launch of the MANTRA Chain mainnet, approximately 250 million OM tokens (accounting for 28% of the total supply) have been migrated. If the proposal is approved, the ERC20 format of the OM token will officially be deactivated on January 15, 2026, and any tokens that have not been migrated will be considered forfeited. Community voting started on August 20 at 19:50 Beijing time and will continue until August 22 at 19:50.

ChainCatcher news, according to the official announcement, the private market data infrastructure Inveniam has reached a strategic cooperation with the RWA L1 blockchain MANTRA, with an investment of 20 million USD. The two parties will jointly build a global institutional-level real-world asset ecosystem centered on the UAE and the United States.The two sides will integrate Inveniam's AI data management solutions with MANTRA's compliant Web3 facilities to create an institutional-level RWA ecosystem spanning the UAE and the United States, achieving seamless connectivity between private assets and the DeFi market. This cooperation targets the RWA blue ocean market with an annual growth rate of 75% and a scale reaching 189 trillion USD, and is expected to significantly enhance MANTRA's on-chain TVL and transaction throughput.

ChainCatcher news, according to the official announcement, Bithumb has added the Humanity Protocol (H) and Mantra (OM) KRW trading pairs.

ChainCatcher news, according to RootData market data, the MANTRA token (OM) has increased by 16.75% in the last 24 hours, currently priced at $0.455.Previous news, according to the official announcement, Upbit will launch OM spot trading, supporting KRW, BTC, and USDT trading pairs.

ChainCatcher news, blockchain data platform Nansen announced its participation as a validator in the compliant public chain MANTRA, contributing to the network's decentralization and compliance development. The two parties will launch a dedicated data dashboard covering key metrics such as validator performance, fund flows, and dApp activity. Nansen stated that node rewards will be used to support the development and ecological construction of the MANTRA community.