The Sandbox, Cronos move on from hacks as researchers urged to report bug responsibly

The Sandbox has begun accepting compensation claims from users who lost bridged SAND in an August exploit. 

The move to make users whole is coming around the same time that hardware wallet makers Ledger and Trezor are warning that the next wave of bugs is arriving at a pace that is faster than what defenders can patch.

The Sandbox reopens the claim window

Sandbox shared the information on X on September 8, stating that anyone who held bridged SAND on Base or BNB Smart Chain before the August 22 exploit can now file for a full 1:1 refund paid in SAND on Ethereum. 

It said that individual wallet holders need to submit a claim through the project’s portal, while users who held the token on an exchange do not have to do anything.

The Sandbox post-mortem shows the pool of funds that was lost was around $697,000, as Cryptopolitan reported. The balances on Ethereum and Polygon were never touched, and the Ethereum supply still has 3 billion tokens.

SAND currently trades around $0.041, having risen by over 2.7% in the past 24 hours. However, it is worth noting that it is currently well off its November 2021 record of $8.44.

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