unstakingpause

MANTRA (OM), a Layer-1 blockchain for Real World Assets (RWA), has announced a seven-day suspension of all unbonding transactions. This emergency action is a direct response to a security incident involving third-party wallet provider Keplr, where a private key leak has exposed users' staked assets to a potential "unbonding attack."
The security breach was linked to a vulnerability in Web3Auth infrastructure, an authentication service used by Keplr, affecting users who utilize social logins. MANTRA's move is a preventive measure to stop attackers from attempting to unbond and steal staked tokens. While new unstaking requests are frozen, users who had unbonding in progress are strongly advised to redelegate their tokens immediately before the 7-day pause concludes, as this remains the primary method for affected users to prevent fund loss. To date, MANTRA has successfully frozen several hacker-linked wallets through its governance process and is working with law enforcement and cybersecurity experts to address the incident. The OM token has experienced a 7.3% price decline over the past 24 hours, reflecting market reactions to the news.
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