All about SAND’s latest security threat: Are your holdings safe?

ambcrypto.com:

Every once in a while, a crypto project goes through security challenges that often spoof investors. The Sandbox [SAND] is the latest project to report such an experience following its latest announcement.

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On 2 March, The Sandbox issued a notice revealing that it had experienced a security breach towards the end of February. Reportedly, the incident occurred after a third party accessed one of the project’s employees. The culprit then used the company’s email addresses to send out emails that contained malware.

— Wu Blockchain (@WuBlockchain) March 2, 2023

According to the report, the malware included in the email may have the ability to install onto other devices remotely. However, this is only if the user clicks on links included in the email carrying the malware. The Sandbox revealed that it has already contacted those that received the malicious actor’s email.

The Sandbox did not report any incidents where platform users were affected and no serious repercussions have been observed so far. However, this does not mean that the incident may not have an impact. Such an incident has the potential to influence investor sentiment, depending on its severity.

A brief overview of SAND’s price action indicated that price movements were within normal range at press time. Its $37 press time price represented a 25% drawback from its