Manta Network Hit by DDoS Attack Day After Token Issuance

Upstart blockchain Manta Network was hit by a distributed denial of service (DDoS) attack a day after it issued its MANTA token, leading to longer-than-expected withdrawal times and a slow network. “The network has accumulated a large queue of recent transactions,” Manta developers said in an X post. “This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and are working to resolve it.” DDoS is a common attack vector in which the attacker floods a server with internet traffic to prevent users from accessing connected online services and sites. The attack occurred close to Manta’s initial token issuance event, co-founder Kenny Li said in a post.

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