The Sandbox Faces Potential Unauthorized Issuance of 500 Million SAND Tokens

2026/08/23 09:17 (Updated 2026/08/23 10:01)

CoinPost

Written by L.Kikutani

The Sandbox Faces Potential Unauthorized Issuance of 500 Million SAND Tokens

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 Ethereum's layer-2 network 'Base'. According to on-chain data, over 500 million SAND tokens have been issued to date, with reports from Wu Blockchain and Crypto Briefing indicating that the situation is ongoing. The attackers have deployed SAND tokens on Base...

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Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30