Key Takeaways Peckshield flagged roughly 14.9 billion unbacked SAND minted across two addresses on August 21. The Sandbox disabled Base and BSC bridging subsequently, shielding Ethereum and Polygon-based SAND holders. The Sandbox is preparing LP compensation as Coinbase plans to delist SAND futures on August 26. 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). An attacker exploited the bridges’ minting mechanism to create SAND tokens with no real backing on both networks. The Sandbox disabled bridging on Base and …

