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

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.