The Sandbox has pledged to fully reimburse users 1:1 after a bridge exploit drained about $700,000, according to Cointelegraph. The team will use SAND from the project treasury to make affected users whole.

What happened

The exploit targeted a bridge connected to The Sandbox’s assets, with losses totaling roughly $700,000. The project has announced plans to fully compensate victims in SAND.

How the reimbursement will work

Eligible holders on Base and BNB Chain will be able to claim SAND on Ethereum, paid out directly from The Sandbox’s treasury. The claim window is expected to open within the next two weeks. Payouts will match lost assets 1:1 in SAND.

Cointelegraph reports that compensation will come straight from The Sandbox treasury, and only users meeting the criteria on Base and BNB Chain will be able to claim. Beyond the expected two-week window for opening claims, no further details about the process or timing have been shared yet.