The Sandbox to reimburse SAND holders after $700K bridge exploit
The Sandbox has pledged to reimburse eligible SAND holders 1:1 after an August 21 exploit drained approximately 14.7 million tokens worth around $700,000 from an Ethereum vault. Claims for reimbursement are expected to open within two weeks, with eligible holders on Base and BNB Chain receiving Ethereum-based SAND from the project's treasury.
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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 pledges 1:1 repayment after $700K bridge exploit
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.