$SAND Exploit: The Sandbox Accepts Compensation Claims Amid Bug Surge

The Sandbox has begun accepting compensation claims from users who lost bridged $SAND in an August exploit.

The move to make users whole is coming around the same time that hardware wallet makers Ledger and Trezor are warning that the next wave of bugs is arriving at a pace that is faster than what defenders can patch.

Sandbox shared the information on X on September 8, stating that anyone who held bridged $SAND on Base or $BNB Smart Chain before the August 22 exploit can now file for a full 1:1 refund paid in $SAND on Ethereum.

The Sandbox post-mortem shows the pool of funds that was lost was around $697,000. The balances on Ethereum and Polygon were never touched, and the Ethereum supply still has 3 billion tokens.