8 months ago
Manta Network, a modular furniture 2 (L2) protocol, said a distributed denial-of-service onslaught connected Jan. 18 resulted successful the web accumulating a ample queue of caller transactions. The attack, which occurred during a token-issuing event, is believed to person severely constricted connection betwixt the protocol and Manta Network apps.
An Aggressive and Timed Attack
On Jan. 18, the Manta Network, a modular furniture 2 (L2) protocol, announced that it was a unfortunate of a distributed denial-of-service (DDoS) attack. The onslaught resulted successful a crisp summation successful the fig of pending transactions. According to Kenny Li, who shared the DDoS onslaught alert via X (formerly), the onslaught initially saw 135 cardinal requests hitting distant process telephone (RPC) nodes, proving that “a precise assertive and timed attack” was underway.
DDoS Attack Update connected @MantaNetwork
Hey everyone, we are experiencing a calculated DDoS onslaught connected the network. This happened astatine 9:30AM UTC, precisely the aforesaid clip arsenic our TGE event. Since that time, we person seen implicit 135m requests deed the RPC nodes, which indicates that this is a… pic.twitter.com/EgjUiOvRl0
— 
Kenny.manta 
(
,) (@superanonymousk) January 18, 2024
The attack, which occurred during a token issuance event, is believed to person severely constricted connection betwixt the protocol and Manta Network apps. Some of the apps affected see New Paradigm and Into the Blue. Manta Network initially said it would instrumentality steps to antagonistic the interaction of the DDoS attack.
“We are moving astir the timepiece arsenic a squad to get done this. We are creating much DDoS mitigation efforts and communicating with partners and work providers to deploy counteractive measures,” Li, a co-founder astatine Manta Network, said.
Money Laundering and Scam Allegations
Li, who besides identifies himself arsenic a selling intern, implied successful the X station that since the onslaught was overmuch larger and had lasted longer than the norm, resolving this would necessitate much time. While helium did not place the culprits down the attack, Li’s station connected X appeared to suggest that the Manta Network squad whitethorn person been alert that definite individuals oregon organizations were determined to impede the project.
. @MantaNetwork was suspected of wealth laundering done Bithumb connected the time of listing
– 2M $MANTA transferred to idiosyncratic wallet of MANTA’s Korean BD
– 2M $MANTA was deposited into Bithumb deposit wallet, accounting for much than 75% of Bithumb’s full circulation volume.
-… pic.twitter.com/uMWq6J6D37
— Definalist (@definalist) January 18, 2024
Although the station did not elaborate connected wherefore anyone would privation to harm the project, respective scam oregon wealth laundering allegation posts connected X appeared to connection immoderate clues. For instance, a idiosyncratic named Definalist raised wealth laundering allegations against the Manta Network squad and warned of dire consequences should this crook retired to beryllium true. However, successful an evident effect to the allegations, Manta Network said it lone dispersed the funds successful question “to Bithumb to unafraid liquidity.”
Another idiosyncratic claimed that the Manta Network squad had copied a token-dumping maneuver usually performed by insiders, peculiarly developers.
Meanwhile, the Manta Network squad disclosed connected Jan. 19 that it was inactive moving to resoluteness the issue. At the clip of penning (11 americium EST connected Jan. 19 ), the MANTA token was changing hands astatine $2.27 which translated to a marketplace capitalization of conscionable implicit $560 million.
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