Web3 gaming network Sandbox stops Base and BNB chain bridging after exploit
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
The Sandbox, a Web3 gaming network, has disabled bridging on the Base and BNB networks following an exploit, advising users not to trade its token SAND on those chains. The impact on the token supply is reported to be under 0.01%.
Why it matters
This development is intended to isolate tokens and prevent further issues caused by the exploit, which could affect user holdings or network security.
Key context
The source does not specify the nature of the exploit or how it occurred, nor does it detail the broader implications for the Sandbox platform or the affected networks.
Key numbers and entities
The Sandbox platform and its token SAND are involved, with the impacted networks being Base and BNB chains. The impact on supply is under 0.01%.
What remains unclear
Details about the exploit itself, the duration of the disabled bridging, potential recovery plans, or further security measures are not provided.