SAND is suspected to have suffered an infinite minting vulnerability, with attackers having minted over 500 million tokens.
45 minutes ago
According to market sources, The Sandbox’s native token SAND on the Base network is suspected to have a critical security vulnerability, with attackers gaining minting privileges to arbitrarily mint additional SAND. On-chain data indicates that more than 500 million SAND have been minted in this incident, and the attack is still ongoing. The market is concerned that the massive new supply could impact SAND’s price. To date, The Sandbox’s official has not issued an official statement on the incident; the root cause of the vulnerability, the source of the attacker’s permissions, and the destination of the newly minted tokens remain unconfirmed. The so-called "Infinite Mint Attack" typically arises from flaws in smart contract permission control or minting logic vulnerabilities, allowing attackers to bypass restrictions to generate large volumes of tokens, resulting in supply out-of-control and market value dilution.
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