Manta Network responds to doubts: Investing 2 million MANTA in Bithumb token liquidity

Manta Network has become a popular project this month due to its staking airdrop activity New Paradigm and being selected as Binance’s 44th “New Coin Mining” project. However, on the 18th before the opening of trading, the project suffered a front-end attack, resulting in many users being unable to receive airdrops smoothly. In addition, some people in the community expressed dissatisfaction that the airdrop rewards were far lower than market expectations, believing that this was one of the most disappointing airdrops this year.

However, there is recent news that South Korean crypto KOL Definalist suspects that the Manta team may be involved in selling or money laundering on the day of listing on the Bithumb exchange.

Someone filed an accusation against Definalist, claiming that the personal wallet of a Korean BD named Manta received up to 2 million $MANTA that day. Subsequently, the BD deposited all $MANTA into Bithumb and sold the 2 million $MANTA at a price of more than $2.5 in exchange for 2,094.7 ETH (approximately $5.162 million). Subsequently, the ETH was transferred to the BD's personal wallet. This series of actions triggered controversy in the community.

Manta: The 2 million $MANTA distributed to Bithumb is to ensure liquidity

The Manta team tweeted today, denying the money laundering accusations. They emphasized that Manta Network reserved 3 million MANTA from the 50 million unlocked ecosystem fund on the 18th, aiming to expand the Korean ecosystem.

“Of which, 2 million MANTA have been distributed to Bithumb to ensure liquidity. These funds will be used for investment and development in the Korean Manta community, especially by supporting local developers and communities To enhance Manta's influence in the region."

We will compensate users whose gas costs increased abnormally during the DDoS attack

In response to the front-end attack that occurred on the 18th, Manta Network announced later today Zaoye announced that it will compensate users whose gas fees increased abnormally during the attack.

"Any gas fee greater than 0.001ETH paid by users on Manta Pacific from 9:30 UTC on January 18, 2024 to 4:30 UTC on January 20, 2024 will be refunded."

The Manta team added that Manta Pacific suffered an illegal DDoS attack on the 18th, which seriously hindered users’ access to its RPC (Remote Program Call). Manta Network is cooperating with authorities and various legal authorities to take action against this illegal attack.

"This attack caused a temporary increase in Gas prices, far exceeding normal levels. In response, the Gas fees generated by this incident will be refunded to the affected users."

Coin Price , $MANTA rose to a maximum of $2.55 this morning, and fell back to $2.29 before the deadline, rising 7.9% in the past 24 hours.

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