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MANTRA proposes reclaiming 37.96M frozen tokens to offset losses from a security breach.

Protocol Fundamentals
08 Nov 2026, 04:31 WIB
Tokenpost
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MANTRA proposes reclaiming 37.96M frozen tokens to offset losses from a security breach.

MANTRA's Proposal 40 seeks to recover 37.96 million frozen tokens linked to a security incident on August 20 by using an upcoming on-chain software upgrade. These tokens, currently frozen due to protocol sanctions, would be redirected to the OM upgrade incentive allocation to help address a larger shortfall from the breach. While most stolen tokens moved to a centralized exchange and cannot be recovered through the upgrade, the team is collaborating with Hong Kong authorities and the exchange to pursue those funds. The recovered tokens would replenish part of the 121 million tokens previously transferred from incentives, but a shortfall of about 82.97 million tokens would remain, with any excess recovered tokens to be burned. A further proposal is planned by June 30, 2027, to outline additional measures to mitigate the incident's impact.

MANTRA's Proposal 40 involves recovering 37.96 million frozen tokens following a security incident. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 08, 2026 08:51 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include SNX at Rp2.996 with a -3.48% change and 100% buy order activity, EGLD at Rp56.817 with a -3.15% change and 100% buy order activity, and AXS at Rp14.971 with a -3.07% change and 90% sell order activity.

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