🧨 When a Token’s Supply Limit Stops Working
A suspected exploit involving The Sandbox’s SAND bridge on Base allowed unauthorized minting of tokens that were not properly backed by SAND locked on the origin chain.
Security firms reported dramatically different figures as they tracked the incident, including more than 500 million SAND initially and later billions of newly created tokens.
The Sandbox has since said the vulnerability was contained and bridging on Base and BNB Smart Chain was stopped.
The bigger lesson for investors: cross-chain convenience also introduces another layer of technical risk.
$BTC $ETH $BNB
#sandboxsandsuspectedinfinitemintflawonbase
A suspected exploit involving The Sandbox’s SAND bridge on Base allowed unauthorized minting of tokens that were not properly backed by SAND locked on the origin chain.
Security firms reported dramatically different figures as they tracked the incident, including more than 500 million SAND initially and later billions of newly created tokens.
The Sandbox has since said the vulnerability was contained and bridging on Base and BNB Smart Chain was stopped.
The bigger lesson for investors: cross-chain convenience also introduces another layer of technical risk.
$BTC $ETH $BNB
#sandboxsandsuspectedinfinitemintflawonbase