The Sandbox pledges 1:1 repayment after $700K bridge exploit

The Sandbox said it will provide one-for-one repayment to eligible holders affected by a bridge exploit involving approximately $700,000. Users on Base and BNB Chain will receive Ethereum-based SAND sourced from the project’s treasury. The project expects to open the claim process within two weeks, according to Cointelegraph. The planned distribution concerns eligible holders on the two networks, while repayment will be made in SAND on Ethereum. The announcement places the focus on how affected users can recover their holdings following the exploit and on the timing of the forthcoming claims process. No additional details about eligibility requirements or the exact claim date were provided in the supplied information.