MANTRA Chain suspends the network on Thursday and all open end and chain transactions are frozen. Only one “incident” has been detected by the projector, which has not yet been identified as a security attack, a technical malfunction or any other cause, nor has the time of network recovery been announced.
This stop has a direct impact on OM's currency moving up the chain. Current users are unable to initiate transfers, and the exchange is closing down. MANTRA states that the main network will be restarted only after the joint external partners of the engineering and security team have confirmed that the network can be safely restored.
Exchange pause OM filly
The Korea Exchange Upbit and Bitumb have suspended OM filling and cashing for reasons that point to the Mantra Chain network anomaly. The spot trade between the two platforms is still ongoing, which means that the order book can still be arranged, but the chain of settlement is frozen.
In such cases, where tokens can be bought and sold on a centralized platform without being able to complete a chain transfer or coin transfer, market liquidity is usually compressed and price fluctuations can be magnified.
OM has returned significantly before the stop.
OM currently has a market value of approximately $25 million, which is significantly smaller than the approximately $6 billion in 2024. MANTRA previously disclosed that at the beginning of August OM prices were about US$ 0.0054 and in circulation about 5.53 billion, the corresponding market value was close to US$ 29.9 million.
OM experienced a single-day decline of more than 98 per cent in April 2025, after which the project was reorganized and restaffed. The stoppage of the network took place during the project ' s phase of restoring market confidence, further exacerbating external concerns about the stability of its infrastructure.
Acquisitions and license background have not eased concerns.
MANTRA announced in June this year that the Inveniam Capital Partners had agreed to acquire MANTRA and its associated companies, and that the transaction was expected to be completed by the third quarter of 2026. At the same time, the project holds a digital asset licence plate from the Virtual Assets Control Authority in Dubai.
However, these developments have not removed the pressure from this shutdown. In the case of the public chain of real world asset monetization, the lack of clarity about the reasons for the Internet-wide freeze remains, first and foremost, the test of network availability and transparency of operations.
Additional information:The projecter reminds users to obtain updates only through official channels and is alert to any individuals or services claiming to be able to assist in the recovery of frozen funds.