Upbit warns of SAND trading risks: Suspected cybersecurity incident, reminds users to trade cautiously.
59 minutes ago
Upbit has issued an announcement stating that it has detected signs of a suspected security incident on The Sandbox (SAND) network, and is thus alerting users to trading risks. The exchange noted that on August 22, 2026, the SAND network experienced a suspected security event, which could trigger amplified market price volatility. Upbit advised users holding SAND assets to closely monitor relevant developments and exercise caution when trading. To date, Upbit has not disclosed specific attack details or loss figures, only providing related on-chain transaction addresses for user reference. As previously reported by BlockBeats, earlier today, The Sandbox’s native SAND token on the Base network was suspected to have a critical security vulnerability, enabling attackers to gain minting privileges and arbitrarily issue additional SAND tokens.
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