The Sandbox Launches Compensation Plan for Vulnerability Incident, 1:1 Compensation in SAND Tokens

The Sandbox has released an analysis report on the vulnerability incident that occurred on August 22. Attackers exploited contract vulnerabilities on the Base and BNB Smart Chains to steal 14,742,341.84 SAND tokens from the Ethereum treasury, accounting for approximately 0.5% of the maximum supply, with an economic impact of about $1.4968 million, of which approximately $987,000 was intercepted by the attackers. The Ethereum mainnet and Polygon network were not affected. Please do not purchase or send SAND on the Base or BNB Smart Chains, as the related contracts have been permanently disabled. The Sandbox has reported the attackers' wallet addresses to TRM Labs and Chainalysis and is in communication with relevant exchanges. The Sandbox has announced a compensation plan, which will compensate wallets that legally held cross-chain SAND on Base or BSC before the incident at a 1:1 ratio in Ethereum SAND. The funds will come from The Sandbox treasury, and no new tokens will be issued. The application process will open in the next two weeks and will remain open for two weeks.

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