The Sandbox's SAND token on the Base network faces an infinite minting vulnerability, with over 500 million tokens minted.

ME News reports that on August 22 (UTC+8), according to market information, The Sandbox’s native token SAND on the Base network appears to have suffered a severe security vulnerability, allowing attackers to gain minting privileges and arbitrarily issue additional SAND tokens. On-chain data shows that over 500 million SAND tokens have already been minted as a result of this vulnerability, and the attack is still ongoing, raising concerns that the surge in supply could significantly impact SAND’s price. As of now, The Sandbox official has not issued a formal response regarding this incident; the cause of the vulnerability, the source of the attacker’s privileges, and the destination of the newly minted tokens remain unconfirmed. An “infinite mint attack” typically occurs due to flaws in smart contract permission controls or flawed minting logic, enabling attackers to bypass restrictions and generate large quantities of tokens, leading to uncontrolled supply expansion and market dilution. (Source: BlockBeats)