The Sandbox faces security breach as 500M SAND minted on Base network

Someone just printed themselves a sixth of The Sandbox’s entire token supply. Over 500 million SAND tokens have been minted through what appears to be an infinite mint vulnerability in the project’s Base network deployment, and the exploit is reportedly still active. With SAND’s total supply capped at 3 billion tokens, the unauthorized creation of 500 million new ones represents a roughly 17% dilution of the entire supply in a single stroke. What happened The exploit targets a smart contract flaw in The Sandbox’s SAND token deployment specifically on the Base network. Attackers gained unauthorized minting permissions that bypassed the protocol’s established supply controls, effectively giving themselves the ability to create tokens out of thin air. On-chain data suggests the exploit remains active, meaning additional tokens could still be minted as the situation develops. The identity of the attackers, the precise technical flaw they exploited, and the final destination of the minted tokens all remain unknown. The Sandbox has not released any public statement addressing the incident. A Base-specific problem, but a market-wide concern One important nuance: the exploit appears confin...