The Sandbox Opens Compensation Claims for SAND Bridge Attack Victims, Offers 1:1 Payouts Through Sept. 22
Summary
- The Sandbox said it is accepting compensation claims from victims of last month’s SAND cross-chain bridge attack.
- Eligible claimants are wallets that properly held bridged SAND before the attack, and compensation will be paid on the Ethereum network on a 1:1 basis.
- Holders on centralized exchanges do not need to take separate action, and the compensation application period runs from Sept. 8 to Sept. 22.
Forecast Trend Report by Period
The Sandbox is accepting compensation claims from users affected by last month’s SAND cross-chain bridge attack.
Crypto media outlet Odaily reported on Sept. 8 that eligible wallets are those that properly held SAND bridged before the Aug. 22 attack on the Base and BNB Chain bridges. Applications will be accepted from Sept. 8 through Sept. 22.
Eligible users can receive the same amount of SAND on the Ethereum network on a 1:1 basis. No separate documentation is required. Users only need to execute a single transaction from the wallet holding the affected SAND.
Users holding SAND on centralized exchanges do not need to take any separate action. The Sandbox is coordinating compensation procedures with the relevant exchanges, and users who miss the Sept. 22 deadline can still apply through a separate inquiry process until the end of October.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.