{"id":821752,"date":"2026-08-22T05:22:13","date_gmt":"2026-08-22T05:22:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/821752\/"},"modified":"2026-08-22T05:22:13","modified_gmt":"2026-08-22T05:22:13","slug":"breaking-an-altcoin-is-allegedly-hacked-and-attackers-are-said-to-be-able-to-mint-an-unlimited-number-of-tokens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/821752\/","title":{"rendered":"BREAKING: An Altcoin Is Allegedly Hacked, and Attackers Are Said to Be Able to Mint an Unlimited Number of Tokens"},"content":{"rendered":"

$SAND, the native token of The Sandbox ecosystem, faced heavy selling pressure following claims of a potential unlimited token minting vulnerability. Initial reports suggest that an attacker gained access to $SAND minting capabilities and could create any number of new tokens. However, the vulnerability and the extent of the attack have not yet been officially confirmed by The Sandbox team.<\/p>\n

According to claims circulating on social media and accounts tracking online activity, over 500 million new $SAND tokens were created using a security vulnerability. If these claims are true, this represents an extremely serious security breach that could directly impact the token supply.<\/p>\n

Market activity increased significantly following the allegations. The $SAND price fell by approximately 5.5% in a short time, while open interest (OI) in futures reportedly increased by about 16% within an hour. Trading volume also reached approximately 24 times normal levels, indicating high participation in the price movement.<\/p>\n

A graph showing the fluctuations in the $SAND price.<\/p>\n

However, the sharp turn in funding rates into negative territory indicates a significant accumulation of short positions in the market.<\/p>\n

*This is not investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"$SAND, the native token of The Sandbox ecosystem, faced heavy selling pressure following claims of a potential unlimited…\n","protected":false},"author":2,"featured_media":821753,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":["post-821752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-headlines","tag-news","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/821752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=821752"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/821752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/821753"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=821752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=821752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=821752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}