Manta Network, a layer 2 blockchain developed by P0xeidon Labs, successfully mitigated a large-scale distributed denial of service (DDoS) attack.
The already resolved incident coincided with the debut of the network’s token on several major exchanges. Kenny Li, co-founder of P0xeidon Labs, reported on January 18 that the blockchain faced an unprecedented 135 million remote procedure call (RPC) requests.
Describing the event as “a very aggressive and timely attack,” Li assured that blockchain operations remained secure and that all funds were safe. However, she warned that communication between applications and the blockchain was temporarily hindered.
Graph of the number of network events | Source: X
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Don’t worry, we’re not going anywhere. We have been building for three years and see no end in sight. Thank you so much for your support as a community.
Kenny Li
This DDoS attack occurred when Manta tokens began trading on multiple exchanges, including Binance, Bithumb, and KuCoin. According to the latest reports, the Manta token is valued at $2.27, reaching a fully diluted market capitalization of $2.2 billion. Trading volume touched $861 million in the last 24 hours.
To know more: The 44th token from Binance’s launchpad, Manta, is scheduled to launch on multiple exchanges
