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Crypto

The Sandbox Faces Potential Unauthorized Issuance of 500 Million SAND Tokens, Major Korean Exchanges Respond

2026/08/22 22:39(Updated 2026/08/24 12:01)

CoinPost

Written by L.Kikutani

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The Sandbox Faces Potential Unauthorized Issuance of 500 Million SAND Tokens, Major Korean Exchanges Respond

Suspected Unauthorized Issuance of SAND

It has come to light that The Sandbox, a company associated with the metaverse, may have fallen victim to unauthorized issuance of its cryptocurrency SAND on the Ethereum-related Layer 2 network 'Base'. According to on-chain data, over 500 million SAND tokens have been issued to date, and the situation is still ongoing, as reported by Wu Blockchain and Crypto Briefing.

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