[The Sandbox Cross-Chain Bridge Exploited to Mint 14.9 Billion Unbacked SAND, Coinbase to Delist SAND Futures] Odaily Planet Daily News: The metaverse gaming platform The Sandbox has confirmed a vulnerability in its cross-chain bridge, which allowed attackers to mint unbacked SAND on Base and BNB Smart Chain. Blockchain security firm PeckShield discovered on August 21 that two addresses had minted approximately 14.9 billion SAND in total. The Sandbox subsequently disabled the bridging functionality on both networks. The Sandbox stated that the affected assets are those bridged on Base and BNB Smart Chain, while SAND on Ethereum and Polygon, user wallet assets, and Ethereum-locked assets backing the tokens remain unaffected. The proportion of real collateral assets involved in this incident is less than 0.01% of the total SAND supply. The Sandbox is currently formulating a compensation plan for affected liquidity providers and advises users not to trade SAND on Base or BNB Smart Chain until the bridging functionality is restored. Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, at which point any open positions will be automatically settled. (Bitcoin.com News)