Manta Network has experienced a DDoS attack on an exchange listing.
The zero-knowledge authentication-powered Layer-2 blockchain Manta Network experienced a widespread denial-of-service (DDoS) attack when it was successfully listed on multiple exchanges.
According to Kenny Lee, co-founder of P0xeidon Labs, the cryptography development team behind the Manta network, blockchain nodes experienced more than 135 million remote procedure calls (RPC) on January 18. “Blockchain is working safely” and “money is safe,” Lee said. However, Lee cautioned that “the relationship between applications and blockchain is very limited.” The co-founder commented:
“I'm sure, we're not going anywhere. We have been building for three years, and we do not see the end. Thank you so much for your support as a community.
On the same day, Manta tokens began trading on several exchanges, including Binance, Bithumb, and KuCoin. At the time of publication, the Manta token is valued at $2.27, indicating a fully mixed market value of $2.27 billion. More than $686 million worth of manta changed hands in the first few hours of trading.
In the year On July 19, 2023, Cointelegraph reported that P0xeidon Labs had raised $25 million in a Series A funding round. The company introduced the Manta Pacific testnet, a Layer-2 infrastructure network that entered the mainnet on September 12, 2023.
Meanwhile, MantaAtlantic's flagship invulnerable token private offering platform was launched in April 2023 and has generated more than 300,000 zero-knowledge soul-based tokens with key ecosystem partners including Arbitrum, Gaxen, Linea and Cybercoin.
Related: ZK-focused Manta Pacific opts for Polygon CDK from OP Stack
