🚨 BREAKING: THE SANDBOX (SAND) HIT BY SUSPECTED INFINITE-MINT FLAW
SAND is facing a major security incident on Base and BNB Smart Chain (BSC).
On-chain researchers initially flagged an apparent minting vulnerability that allowed attackers to create more than 500 million SAND. Later on-chain monitoring reported even larger amounts across attacker addresses.
🔴 What happened?
• Unauthorized $SAND was reportedly minted through the cross-chain bridge
• Base & BSC were affected
• The Sandbox disabled bridging to isolate the affected tokens
• The project says the impact is less than 0.01% of total SAND supply
• Ethereum and Polygon SAND were reported unaffected
• No user wallets were compromised, according to The Sandbox’s update
📉 Why it matters:
A sudden increase in token supply can create heavy selling pressure and extreme volatility. Traders should be especially careful with SAND on the affected networks while the investigation continues.
👀 WATCH: Can SAND stabilize after the bridge exploit?
#SAND #TheSandbox #CryptoNews
#GrayscaleFilesFifthZECETFAmendment
SAND is facing a major security incident on Base and BNB Smart Chain (BSC).
On-chain researchers initially flagged an apparent minting vulnerability that allowed attackers to create more than 500 million SAND. Later on-chain monitoring reported even larger amounts across attacker addresses.
🔴 What happened?
• Unauthorized $SAND was reportedly minted through the cross-chain bridge
• Base & BSC were affected
• The Sandbox disabled bridging to isolate the affected tokens
• The project says the impact is less than 0.01% of total SAND supply
• Ethereum and Polygon SAND were reported unaffected
• No user wallets were compromised, according to The Sandbox’s update
📉 Why it matters:
A sudden increase in token supply can create heavy selling pressure and extreme volatility. Traders should be especially careful with SAND on the affected networks while the investigation continues.
👀 WATCH: Can SAND stabilize after the bridge exploit?
#SAND #TheSandbox #CryptoNews
#GrayscaleFilesFifthZECETFAmendment