ChainCatcher reported that The Sandbox’s SAND contract on Base may have been involved in an irregular minting incident. The report said address 0x6762...257e was alleged to have obtained minting authority, giving it the ability to mint SAND freely. More than 500 million additional tokens had reportedly been minted at the time of the report. The exact cause had not been confirmed by the project officially. The update was published as a market analysis newsflash and did not include a final explanation from The Sandbox. With details still limited, the key point remains that the contract on Base was under scrutiny over suspected unauthorized or abnormal token issuance, while market participants awaited official clarification.
ChainCatcher reported that The Sandbox’s SAND contract on Base may have been involved in an irregular minting incident.
According to the report, address 0x6762...257e was alleged to have obtained minting authority and could mint SAND freely. More than 500 million additional tokens had reportedly been issued. The exact cause had yet to be officially confirmed.
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