Sandbox Bridge Exploited: 14.9B SAND Minted, $675K Lost

Despite the large nominal mint, the real financial loss was limited. Only about 14.75 million legitimately backed SAND, worth roughly $675,000 at the time, left the Ethereum-side bridge adapter, along with a small amount of ETH. The Sandbox assessed the overall impact at less than 0.01% of the token's total supply of 3 billion.

SAND on Ethereum and Polygon remained completely unaffected. No individual user wallets were compromised. Major South Korean exchanges Upbit and Bithumb suspended SAND deposits and withdrawals. The Sandbox said it captured a pre-incident snapshot of balances and is preparing a compensation framework for eligible liquidity providers affected by the event.

The team pledged to release a full technical post-mortem once its investigation concludes. Community members affected by liquidity pool disruptions were directed to contact official support channels.