The Sandbox’s $49 billion phantom mint: how a bridge exploit created unbacked SAND tokens

NewsMon, 24 Aug 2026 06:58:56 UTC3 hours ago
The Sandbox’s $49 billion phantom mint: how a bridge exploit created unbacked SAND tokens
An attacker weaponized a single ERC-20 function to hijack LayerZero delegate permissions and mint 329 trillion unbacked SAND on Base, yet the actual reserve drain totaled just $675,000, exposing both the fragility and the hidden safeguards of cross-chain token architecture.…
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