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Sandbox halts Base and BNB Chain bridges after exploit mints billions of fake SAND tokens

Market News
22 Aug 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The Sandbox gaming platform paused cross-chain transfers on Base and BNB Smart Chain after a hacker exploited a vulnerability to mint nearly $49 billion in unbacked SAND tokens. Although 14.9 billion tokens were minted, only about 14.75 million moved to usable wallets, representing less than 0.01% of total supply. The affected tokens are now frozen and worthless, with exchanges like Upbit and Bithumb suspending deposits and withdrawals. Sandbox plans to compensate impacted liquidity providers and will release a detailed report on the breach, emphasizing no user wallets were compromised.

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