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On August 22, Panda Shield reported that The Sandbox (SAND) experienced an unusual security incident. Attackers are suspected of exploiting a vulnerability to mint approximately 14.9 billion SAND tokens abnormally across two addresses. Currently, The Sandbox officials have not released confirmation of the incident or details about the vulnerability. The scope of the attack and whether there are any financial losses are still under further investigation.

On August 22, according to monitoring by Panda Shield, The Sandbox (SAND) experienced an unusual security incident. Attackers are suspected of exploiting a vulnerability to mint approximately 14.9 billion SAND tokens abnormally across two addresses. As of now, The Sandbox officials have not released confirmation of the incident or details about the vulnerability, and the scope of the attack and potential financial losses are still under further investigation.

On August 22, market news reported that The Sandbox's native token SAND on the Base network appears to have encountered a serious security vulnerability, allowing attackers to gain token minting permissions and arbitrarily increase the supply of SAND tokens. On-chain data indicates that over 500 million SAND tokens have been minted due to this vulnerability, and the attack is ongoing, raising concerns that the significant increase in supply could impact the price of SAND. Currently, The Sandbox has not issued an official response to the incident, and the causes of the vulnerability, the source of the attackers' permissions, and the destination of the newly minted tokens remain to be further confirmed.