Manta Network, a Layer 2 protocol, has faced a Distributed Denial of Service (DDoS) attack on January 18, which led to network congestion and longer withdrawal times. Despite the attack, all funds have been reported as safe. In response to the incident, Manta Network has reserved 3 million $MANTA tokens to expand the Korean ecosystem, with 2 million tokens dispersed to Bithumb for liquidity. Furthermore, the network has announced a reimbursement of gas fees greater than 0.001 ETH incurred from the time of the attack on January 18 to January 20, 2024. Amid these developments, there have been reports of money laundering allegations against the project. Meanwhile, the market has shown optimism for the $MANTA token, with predictions of its value increasing from $2 to potentially $10, bolstered by its current $500M market cap and $961M in total value locked across 197 active ecosystem projects.
Layer 2 Protocol Manta Network Suffers DDoS Attack; Project Faces Money Laundering Allegations #ddos #moneylaundering https://t.co/Q1vLJTGrl1
Me at RonCon if $RON hits $10. π₯ https://t.co/sXW80wakdM
Woke up today thinking the same thing I thought yesterday ... $MANTA is really undervalued @ 2 bucks
playing manta like i should have played tia, longing every 10-20% dip and letting it run till 1-2bil. lets see where this goes.
β½οΈ Gas Fee Reimbursement The recent illicit DDoS attack has temporarily impacted gas fees. Any gas payments >0.001 ETH on Manta Pacific from 9:30 UTC on Jan 18, 2024 (the time of TGE) to 4:30 UTC on Jan 20, 2024 will be reimbursed to users. https://t.co/NeJhtl6NhB
$MANTA up only from here https://t.co/BPCbzuctk2
Manta hit with network congestion issues following DDoS attack https://t.co/d5HksiCc4Z
On January 18, 2024, Manta Network reserved a total of 3m $MANTA tokens out of the 50 million unlocked Ecosystem Fund token allocation to expand the Korean ecosystem. 2m $MANTA was dispersed to Bithumb to secure liquidity. The funds intend to be used for investments and growth⦠https://t.co/DqeXgVzhXk
Manta Network was hit by a DDoS attack as it issued its MANTA token on January 18, leading to longer-than-expected withdrawal times; all funds remain safe (@shauryamalwa / CoinDesk) https://t.co/72FkamG6yQ π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/evRvSD0vSp
Manta Network has successfully resumed normal operations after overcoming technical issues, as reports of Money laundering involvement emerge https://t.co/vmLgib04gK
I have a really good hunch it's only a matter of time til you guys pump $MANTA to $10 once everyone catches up with the opportunity. Ya'll did the same with $TIA then ran it up to $20
$MANTA looks awfully cheap here @ $2 and a $500M market cap with $961M in total value locked and 197 active ecosystem projects ... are you kidding me? Imagine sleeping on these stats π§π source: https://t.co/gRLoQ9VMVG https://t.co/UQz1JvGrFw