The Sandbox to Reimburse SAND Holders After 14.7M Token Bridge Exploit

The Sandbox to reimburse SAND holders after 14.7M token bridge exploit

The Sandbox has pledged to reimburse eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth roughly $700,000 from an Ethereum vault. According to The Sandbox’s Aug. 27 post-mortem, users who legitimately held bridged…

The Sandbox Plans 1:1 Repayment After $700K Bridge Exploit

The Sandbox pledged 1:1 compensation for eligible SAND holders after an exploit drained 14.7 million tokens from its Ethereum bridge vault.

The Sandbox to Repay SAND Holders After Bridge Exploit

TLDR The Sandbox will repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth roughly $700,000. Payments will come from The Sandbox treasury, and no new SAND will be minted to cover...

The Sandbox Pledges 1:1 SAND Repayment After $700K Bridge Exploit Hits 14.7M Tokens

The Sandbox got hit. On August 21, a bridge exploit drained 14.744 million SAND tokens — roughly $700,000 worth —… Read the original on The Sandbox Commits to 1:1 SAND Repayment After $700K Bridge Exploit. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

The Sandbox Offers 1:1 Refund After $700K Bridge Exploit

The Sandbox says it will directly reimburse eligible holders of bridged SAND after an Aug. 21 exploit that drained Ethereum-based tokens from a bridge vault. The incident, which targeted bridge infrastructure connected to Base and BNB Smart Chain, resulted in the loss of 14.744 SAND—valued at roughly $700,000 at the time—prompting the project to outline a structured repayment plan. In a post-mortem shared Thursday, The Sandbox confirmed that com…

CoinStats - The Sandbox pledges 1:1 repayment after $700K...

Eligible holders on Base and BNB Chain will receive Ethereum-based SAND from the project’s treasury, with claims expected to open within two weeks.Blockchain gaming platform The Sandbox has pledged to repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained 14.744 SAND, worth about $700,000, from an Ethereum vault. On Thursday, the company published a post-mortem, saying users who legitimately held bridged SAND on Base or BNB Smar…