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On the evening of January 18th, Manta Network experienced a significant increase in gas fees, causing almost all airdrop recipients to be unable to claim their rewards. The official confirmation later revealed that the network was under a DDoS attack, resulting in a substantial backlog of recent transactions. This led to longer transaction times and had an impact on gas prices. On January 20th, Manta Network announced that it would compensate users who incurred high gas fees during the DDoS attack.
On January 19th, the Korean community raised concerns that Manta, on the day it was listed on the Korean cryptocurrency exchange Bithumb, was involved in money laundering and market manipulation. On-chain data indicated that Bithumb initially received around 2.7 million Manta tokens, with 2 million deposited from a single address. Further investigation suggested that these tokens might originate from the official wallet of the Manta team and were linked to the Manta team's Korean business development (BD) representative. Additionally, after the listing on Bithumb, abnormal Ethereum buying activity was observed, with a total of 2,094.64 Ethereum withdrawn from Bithumb to the same address that previously deposited Manta tokens. Manta Network's official statement mentioned that on January 18, 2024, they reserved a total of 3 million MANTA tokens from the unlocked 50 million ecosystem fund allocation to expand the Korean ecosystem. Of these, 2 million MANTA tokens have been distributed to Bithumb to ensure liquidity. These funds are intended for investment and fostering the growth of the Manta community in Korea, specifically by supporting local developers and the community to enhance Manta's presence in the region. |
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Post time 5-2-2024 21:04:33