The Sandbox has suffered a security incident in which over 500 million SAND tokens were minted without authorization, triggering warnings from cryptocurrency exchanges.
The scale of the unauthorized minting is significant given SAND's circulating supply, and exchanges have moved to alert users about potential risks tied to the incident.
Users holding or trading SAND should monitor official channels from The Sandbox and exchange platforms for further guidance as the situation develops.
Didn't have time to catch up this week? Here's everything that matters in 2 minutes.
🚀 Crypto market explodes
Bitcoin back above $79,000, up over 10% in 24 hours, with XRP surging nearly 19%.
👉 Read more
🏛 BlackRock adds $1.1B in Bitcoin and Ethereum
The world's largest asset manager bought $852M in BTC and $316M in ETH in a single round.
👉 Read more
🏦 BitMart users demand proof of funds
Users and staff issued an ultimatum over $10M in frozen withdrawals as the exchange's shutdown drags on.
👉 Read more
🟠 Dormant wallets move 1,214 BTC after 11 years
$86M moved from long-inactive addresses as Bitcoin hit a weekly high, a signal watchers tie to selling pressure.
👉 Read more
🔐 France tax breach exposes 678,000 crypto holders
Leaked data could serve as a targeting list amid a rise in violent "wrench attacks" on crypto holders.
👉 Read more
Security firm SlowMist has issued an alert warning of a Rust supply chain attack affecting the Solana ecosystem.
Supply chain attacks target developer tools or dependencies to inject malicious code into projects that rely on them. In this case, the Rust-based tooling used within Solana development appears to be the attack vector, though detailed technical specifics were not provided in the available disclosure.
Developers and users interacting with Solana-based projects should monitor official channels for updates and exercise caution until the scope of the compromise is confirmed.
📊 $3.8B in Shorts Liquidated as BTC, ETH and SOL Rally
Bitcoin, Ethereum and Solana pushed higher over two consecutive days as a wave of short liquidations swept through crypto derivatives markets.
The two-day total reached approximately $3.8 billion in liquidated short positions. Thursday's figure alone set a record dating back to 2021, with an additional $1 billion in shorts wiped out on Friday.
Large-scale short squeezes of this magnitude reflect the scale of leveraged bearish bets caught offside during the rally, and are closely watched as a signal of derivative market stress.
🟠 Dormant Bitcoin Wallets Move 1,214 BTC After 11 Years
Over 1,214 BTC worth approximately $86 million has moved from wallets dormant for 11 years, part of a broader 24-hour window that saw 1,314 BTC ($94M) leave long-inactive addresses.
The activity coincided with Bitcoin reaching a weekly high of $72,400, a price level that appears to have prompted early holders to transfer funds out of cold storage.
Movements from long-dormant wallets are closely watched as a potential indicator of selling pressure or strategic repositioning by early-era holders.