Korea has emerged to be a surprising region for the blockchain’s ecosystem development, with two of its largest TVL contributors based in the East Asian country.
For zero-knowledge proof-powered layer-2 blockchain Manta Network, its billion-dollar token listing earlier this month did not proceed as expected.
To begin, the blockchain was hit by a distributed denial-of-service (DDoS) attack where 135 million remote procedure call (RPC) requests temporarily paralyzed the network for a few hours on Jan. 18.
Shortly thereafter, the transfer of 2 million MANTA tokens to the personal wallet of one of its Korean business development representatives also drew investor speculation, to which Manta later clarified that it was merely a first investment support for its decentralized finance (DeFi) project LayerBank.
