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- Manta Network, a layer-2 blockchain, faced a significant DDoS attack as it listed its tokens on major exchanges like Binance, Bithumb, and KuCoin.
- The attack involved over 135 million RPC requests, temporarily disrupting communication between apps and the blockchain.
- “The blockchain is running safely, and funds are safe,” reassured Kenny Li, co-founder of P0xeidon Labs, despite the attack’s severity.
Amidst its successful token listing, Manta Network encountered a DDoS attack, challenging its network resilience but confirming the safety of its blockchain and funds.
Assessing the Impact of the DDoS Attack on Manta Network
On January 18, Manta Network, a zero-knowledge proof-powered blockchain, underwent a substantial DDoS attack. This aggressive and timed offensive overwhelmed the network with over 135 million RPC requests. Despite this, the co-founder of P0xeidon Labs, Kenny Li, confirmed the network’s operational integrity and the security of users’ funds, highlighting the blockchain’s resilience in the face of cyber threats.
Successful Token Listing amidst Network Disruptions
The DDoS attack coincided with Manta Network’s token debut on leading exchanges, including Binance, Bithumb, and KuCoin. The Manta token, valued at $2.27, achieved a fully diluted market cap of $2.27 billion, with over $686 million in trading volume in just a few hours. This juxtaposition of a robust market debut and network attack underscores the volatile landscape of cryptocurrency exchanges and the security challenges they face.
P0xeidon Labs’ Continued Development and Expansion
Despite the attack, P0xeidon Labs, the team behind Manta Network, remains steadfast in their development goals. In July 2023, the firm raised $25 million in a Series A funding round and successfully launched the testnet of its layer-2 infrastructure, Manta Pacific, in September 2023. The testnet saw the creation of 150,000 wallets and over 3.5 million transactions, demonstrating the growing interest and adoption of Manta Network’s technology.
Manta Atlantic’s NFT
Adding to its achievements, Manta Atlantic, Manta Network’s NFT private offering platform, launched in April 2023. It has since minted over 300,000 zero-knowledge soulbound tokens across partners like Arbitrum, Galxe, Linea, and CyberConnect. These developments reflect Manta Network’s commitment to expanding its ecosystem and pioneering privacy-focused solutions in the NFT and broader crypto markets.
Conclusion
In conclusion, Manta Network’s experience with the DDoS attack during its high-profile exchange listings serves as a testament to its resilience and the robustness of its blockchain infrastructure. The network’s ability to maintain operational integrity and secure user funds under such conditions is indicative of its preparedness for the challenges in the dynamic cryptocurrency landscape. With its continued development and innovation, Manta Network is poised to play a significant role in shaping the future of blockchain technology and cryptocurrency adoption.