BlockBeats said on Aug. 22 that SAND, The Sandbox’s native token on Base, may have suffered a serious security flaw that gave an attacker minting rights. On-chain data shows more than 500 million SAND have already been minted, and the activity is still ongoing. The Sandbox has not issued an official response. The cause of the bug, the source of the attacker’s permissions, and where the newly minted tokens went remain unconfirmed.
SAND Faces Suspected Infinite Mint Bug on Base
BlockBeats reported on Aug. 22 that SAND, The Sandbox’s native token on the Base network, may have suffered a serious security issue. The attacker appears to have obtained minting permissions and can issue SAND freely.
On-chain data shows that more than 500 million SAND have been minted so far, and the attack is still continuing. Market participants are concerned that the sudden increase in supply could pressure the token’s price.
The Sandbox has not released an official response. The cause of the bug, how the attacker obtained the permissions, and where the newly minted tokens have gone have not been confirmed.
What an Infinite Mint Attack Means
An 「Infinite Mint Attack」 usually stems from flaws in smart-contract access control or minting logic. It allows an attacker to bypass supply limits and create large amounts of tokens, which can lead to runaway supply and dilute market value.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
