Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss franc-based stablecoin.
Cointelegraph•Cointelegraph by Zoltan Vardai8 Sept
A bridge configuration flaw on Base and BNB Smart Chain let attackers hijack LayerZero delegate permissions, mint trillions of phantom SAND tokens, and drain roughly $675,000 from the Ethereum vault before the team shut everything down. The $49 billion face…
Treasury-funded compensation will use pre-incident balances on Base and BNB Chain without increasing SAND’s fixed 3 billion maximum supply.
The Defiant•The Defiant Team28 Aug
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…
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.
Cointelegraph•Cointelegraph by Ezra Reguerra28 Aug
South Korean crypto exchanges Upbit and Bithumb have designated The Sandbox’s SAND token as an investment caution asset after security concerns linked to the project remained unresolved following a cross-chain bridge incident. According to Upbit’s Aug. 24 announcement, the exchange…
An attacker weaponized a single ERC-20 function to hijack LayerZero delegate permissions and mint 329 trillion unbacked SAND on Base, yet the actual reserve drain totaled just $675,000, exposing both the fragility and the hidden safeguards of cross-chain token architecture.…
Metaverse platform The Sandbox confirmed recently that an exploited bridge let an attacker mint unbacked SAND on Base and BNB Smart Chain, prompting an immediate shutdown. Exploit Hits Base and BSC Bridges Sandbox, the metaverse gaming platform behind the SAND token, contained a vulnerability affecting its cross-chain bridges on Base and BNB Smart Chain (BSC). […]
Bitcoin.com News•Shiraz Jagati23 Aug
Sandbox team said the exploit was only isolated to Base and BSC networks and has been contained.
AMBCrypto•Benjamin Njiri22 Aug
Upbit and Bithumb froze SAND transfers under South Korea's user-protection law, with Upbit halting deposits and withdrawals on Ethereum — the chain the studio says was not affected.
The Defiant•The Defiant Team22 Aug
The exploit underscores vulnerabilities in cross-chain bridges, prompting a reevaluation of security protocols and trust in decentralized finance.
CryptoBriefing•Editorial Team22 Aug
The Sandbox has contained a cross-chain bridge vulnerability that allowed an attacker to mint unbacked SAND on Base and BNB Smart Chain, with the project estimating the direct impact at less than 0.01% of the token’s 3 billion supply. The…
The Sandbox said it has contained a vulnerability in the SAND cross-chain bridge on Base and BNB Smart Chain after an attacker minted unbacked tokens on both networks. The project put the impact at under 0.01% of the total SAND supply. It said that tokens on Ethereum (ETH) and Polygon (POL) are unaffected and that
BeInCrypto•Kamina Bashir22 Aug
The breach undermines SAND's tokenomics, risking market instability and eroding trust in blockchain security and smart contract reliability.
CryptoBriefing•Editorial Team22 Aug
Cursor's development of SAND could intensify competition in AI-driven productivity tools, potentially reshaping workplace efficiency dynamics.
CryptoBriefing•Editorial Team10 Jul
Cursor's strategic pivot to general-purpose AI agents could reshape productivity tools, intensifying competition and innovation in the AI market.
CryptoBriefing•Editorial Team9 JulAnalyzing why Sandbox was the highest gainer among other gaming tokens.
AMBCrypto•Lennox Gitonga20 Jun
Crypto majors are green and rebounding after Trump pivoted on EU tariffs; BTC +2% at $89,900; ETH +2% at $2,995, SOL +2% at $130; XRP +3% to $1.94. CC (+15%), SKY (+11%) and SAND (+10%) led top movers. Crypto markets saw more than $1B in liquidations as Bitcoin rebounded sharply after President Trump signaled a retreat from proposed tariff measures. Vitalik Buterin proposed native DVT staking to strengthen Ethereum security and decentralization, signaling continued protocol-level experimentation. Bitgo announced its IPO at $18 per share, valuing it at ~$2B. The Senate Ag Committee confirmed that its version of the Clarity Act will move forward to markup next week despite lack of bipartisan support. Mortgage lender Newrez explored counting Bitcoin and Ethereum toward mortgage qualification, applying discounted valuations to account for crypto volatility. Hong Kong regulators moved to issue stablecoin licenses under a new framework that imposes strict compliance, reserve, and operational requirements. Russian courts ruled that cryptocurrencies qualify as property under law, setting a legal precedent for future criminal and civil cases. President Trump said he hopes to sign the crypto market structure bill soon, despite ongoing legislative roadblocks and disagreements over regulatory scope. Saga’s EVM blockchain halted operations following a $7M hack, with stolen funds bridged to Ethereum. Steak ’n Shake rolled out a Bitcoin bonus program for hourly employees, allowing workers to earn a portion of compensation in BTC.