MANTRA Proposal Recovers Approximately 37.96 Million Frozen Tokens

The MANTRA Governance Proposal No. 40 is now open for voting, which involves recovering the stolen funds from the security incident on August 20. Voting will end on November 13 at 12:10. In the proposal, MANTRA plans to recover approximately 37.96 million MANTRA tokens (about $119,000) from the attacker's address during the next on-chain software upgrade and allocate them to the OM upgrade incentive pool. This address has been sanctioned in the v8.4.0 upgrade and cannot transfer funds. Most of the stolen tokens were transferred to centralized exchanges before the address was sanctioned and cannot be recovered through on-chain upgrades. MANTRA is working with law enforcement in Hong Kong and the exchange to recover the funds, but the specific amount that can be recovered is still uncertain. The recovered MANTRA will be added to the OM upgrade incentive pool until it compensates for the previously transferred approximately 121 million tokens. After recovering the frozen funds, there will be a remaining gap of about 82.97 million tokens, and any excess will be permanently destroyed. The team will initiate another proposal before June 30, 2027, once the final unrecovered amount is clarified, to propose further measures to mitigate the impact of the incident.

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