MANTRA halts its blockchain, freezing OM across global exchanges

MANTRA Chain temporarily halted network operations on Thursday as a precautionary measure following an undisclosed incident. It is freezing all public endpoints and on-chain transactions. As all the validators are currently paused, all transfers of its native token, OM, are completely disabled.

Consequently, major South Korean and international cryptocurrency exchanges have suspended OM deposits and withdrawals. While spot trading remains active on these centralized platforms, users cannot move their assets on-chain or withdraw funds until the core team and security partners conclude their investigation and safely restart the network.

For a sector that invested much of 2025 mulling over whether real-world asset tokens had been mistakenly vilified, the outage brings about an unwelcome query into the durability of OM’s infrastructure. Now, the market cap of the token is currently pegged at roughly $25 million after the losses of last year, meaning the financial impact is quite insignificant. However, the reputation loss may be quite tricky to handle as the OM is the same asset that plummeted by over 98% in one April session in 2025, causing a dip in the confidence of many people in the RWA market.

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