🚨 $SAND Faces a Serious Supply Shock
The Sandbox’s SAND cross-chain infrastructure on Base and BNB Smart Chain was hit by a suspected minting exploit, with security researchers reporting hundreds of millions — and later billions — of unauthorized tokens created.
The important distinction: the huge “$49B” figure refers to the face value of newly minted tokens, not $49 billion in cash stolen.
The Sandbox says it has contained the vulnerability and halted bridging on the affected networks. Ethereum and Polygon were not affected, according to the project.
For crypto markets, this is another reminder that bridge security can be just as important as the underlying token contract.
$BTC $ETH $BNB
#sandboxsandsuspectedinfinitemintflawonbase
The Sandbox’s SAND cross-chain infrastructure on Base and BNB Smart Chain was hit by a suspected minting exploit, with security researchers reporting hundreds of millions — and later billions — of unauthorized tokens created.
The important distinction: the huge “$49B” figure refers to the face value of newly minted tokens, not $49 billion in cash stolen.
The Sandbox says it has contained the vulnerability and halted bridging on the affected networks. Ethereum and Polygon were not affected, according to the project.
For crypto markets, this is another reminder that bridge security can be just as important as the underlying token contract.
$BTC $ETH $BNB
#sandboxsandsuspectedinfinitemintflawonbase