The Sandbox handled this relatively efficiently this time—compensation claims will open within two weeks, and they will be processed directly based on the on-chain snapshot from before the attack.
In other words, the losses incurred during the hack are effectively written off, and the asset state is rolled back to a safe point. This is a tangible fix for holders and ecosystem projects, and it alleviates near-term concerns about selling pressure.
But note: this round only addresses the problem itself; it doesn’t solve market sentiment. If SAND truly wants to get back up, it will still depend on how much on-chain activity continues and how many new users come in afterward.
The “buy-the-dip” logic can work, but don’t expect a V-shaped rebound. #TheSandbox $SAND
In other words, the losses incurred during the hack are effectively written off, and the asset state is rolled back to a safe point. This is a tangible fix for holders and ecosystem projects, and it alleviates near-term concerns about selling pressure.
But note: this round only addresses the problem itself; it doesn’t solve market sentiment. If SAND truly wants to get back up, it will still depend on how much on-chain activity continues and how many new users come in afterward.
The “buy-the-dip” logic can work, but don’t expect a V-shaped rebound. #TheSandbox $SAND
