The Sandbox to Reimburse SAND Holders 1:1 After Bridge Hack

BitcoinWorld The Sandbox to Reimburse SAND Holders 1:1 After Bridge Hack The Sandbox, a leading decentralized gaming virtual world, has confirmed it will reimburse users who lost SAND tokens during a security breach on August 21.

The attack targeted the platform’s bridge infrastructure, resulting in the theft of approximately 14.7 million SAND.

The company has pledged to provide Ethereum-based SAND on a one-to-one basis to all eligible holders who had legitimate claims on the Base and BNB Chain networks at the time of the incident.

Compensation Plan and Eligibility The compensation will be funded directly from The Sandbox treasury, with no new tokens being minted. This approach ensures that the circulating supply remains unaffected, minimizing further market disruption.