1:1 Compensation for Legitimate Holders Before the Vulnerability Incident; The Sandbox Will Use Treasury Funds to Reimburse Cross-Chain SAND

Odaily Planet Daily News: The Sandbox has released a post-incident analysis report on the August 22 vulnerability incident. The report shows that the attacker exploited vulnerabilities in contracts related to cross-chain configuration on Base and BNB Smart Chain (BSC), stealing 14,742,341.84 SAND from the Ethereum treasury, accounting for approximately 0.5% of the maximum supply. The estimated economic impact is approximately $1.4968 million, of which approximately $987,000 was actually retained by the attacker. The Ethereum mainnet and Polygon network were not affected. Until further notice, please do not purchase or send SAND on Base or BNB Smart Chain. The contracts deployed on Base and BNB Smart Chain have been permanently deactivated and will not be reopened. The Sandbox stated that the team has reported the attacker's wallet address to blockchain analysis firms TRM Labs and Chainalysis, and has communicated directly with relevant exchanges. The Sandbox also announced a compensation plan, which will compensate wallets that legitimately held cross-chain SAND on Base or BSC before the incident at a 1:1 ratio with Ethereum SAND. Compensation funds will come from The Sandbox treasury, and no new tokens will be issued. The claim process will open within the next two weeks and will remain open for two weeks.