SAND exposes a cross-chain vulnerability: 14.9 billion abnormal coins minted, yet the coin price rises against the trend
SAND has revealed a cross-chain bridge security flaw. Attackers can mint tokens without collateral. Monitoring data shows abnormal mints totaling as many as 14.9 billion coins, while the normal total supply of this token is only 3 billion—this looks extremely alarming.
The incident occurred in the cross-chain bridge between the Base and BSC networks. The attacker minted the cross-chain version of SAND, not the native SAND token on Ethereum mainnet, so the mainnet token was not issued additional supply. The project team quickly disabled cross-chain functionality on both chains to isolate the problematic tokens. The official statement says the actual impact is less than 0.01% of total supply. Assets on Ethereum and Polygon were not affected, and users’ wallets were not compromised. Multiple South Korean exchanges promptly suspended SAND deposits and withdrawals.
The market reaction was highly unusual. After the negative news broke, SAND did not fall. The price stayed in the $0.047–$0.050 range, with a 24-hour gain of 9%–13%. Funds appeared able to distinguish between the nominally huge amount of minted coins and the real losses that actually flowed into the market, without panic-selling in a blind rush.
However, the event risk has not fully ended. The project team will later release a complete incident report and compensate affected liquidity providers.
Going forward, there are two possible paths. If it is confirmed that the actual asset losses are very small, the market may treat it as an isolated cross-chain incident that was successfully contained. But if the report discloses more vulnerabilities, previously suppressed risks could resurface. On-chain security incidents involve many variables—so you can’t just look at surface-level data. You need to keep following the official investigation report.
SAND has revealed a cross-chain bridge security flaw. Attackers can mint tokens without collateral. Monitoring data shows abnormal mints totaling as many as 14.9 billion coins, while the normal total supply of this token is only 3 billion—this looks extremely alarming.
The incident occurred in the cross-chain bridge between the Base and BSC networks. The attacker minted the cross-chain version of SAND, not the native SAND token on Ethereum mainnet, so the mainnet token was not issued additional supply. The project team quickly disabled cross-chain functionality on both chains to isolate the problematic tokens. The official statement says the actual impact is less than 0.01% of total supply. Assets on Ethereum and Polygon were not affected, and users’ wallets were not compromised. Multiple South Korean exchanges promptly suspended SAND deposits and withdrawals.
The market reaction was highly unusual. After the negative news broke, SAND did not fall. The price stayed in the $0.047–$0.050 range, with a 24-hour gain of 9%–13%. Funds appeared able to distinguish between the nominally huge amount of minted coins and the real losses that actually flowed into the market, without panic-selling in a blind rush.
However, the event risk has not fully ended. The project team will later release a complete incident report and compensate affected liquidity providers.
Going forward, there are two possible paths. If it is confirmed that the actual asset losses are very small, the market may treat it as an isolated cross-chain incident that was successfully contained. But if the report discloses more vulnerabilities, previously suppressed risks could resurface. On-chain security incidents involve many variables—so you can’t just look at surface-level data. You need to keep following the official investigation report.