SAND Compensation After the Bridge Exploit: How to Get Your Frozen Tokens Back

If you held SAND through the bridge on Base or on BNB Smart Chain, the short answer is this: you are due to get your balance back, one for one, paid out as SAND on Ethereum. According to The Sandbox, the money comes from its own treasury, meaning the company's existing holdings, and no new tokens will be minted for it. Whether you have to do anything yourself hinges on a single question: on the evening of August 21, was your SAND sitting at a centralised exchange or in your own wallet? For most of those affected the answer is "at an exchange", and that majority does not need to file a claim at all. For everyone else, a claim window opens whose start date the operator has given only approximately and whose end is not fixed at all so far. This article sorts out what is documented, what is merely asserted, and which circulating date you are better off ignoring. What happened in the SAND bridge exploit and why is your balance frozen? A bridge is a pair of contracts that makes tokens transferable from one blockchain to another: on the origin chain a holding is locked, on the destination chain an equal amount is issued. The token you then hold on the destination chain is a bridged token ...