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- 1 Earlier in 2022, the Sandbox community revealed that it has 2 million registered wallet users.
- 2 The Twitter account of Sandbox’s CEO and Co-Founder was used for promoting scams.
As per recent information, the Twitter handle of the CEO and Co-founder of Sandbox, Arthur Madrid, was hacked on May 26. Hacking social media accounts, especially accounts of influential people has become prevalent over the last few years.
Arthur Madrid has 9,168 followers on Twitter, and the list includes some of the leading names in the crypto and gaming industry. Hackers promoted scams by posting tempered links that redirect users to a dummy website, similar to Sandbox.
On the same day, Arthur wrote a post on his wall informing that some bad actors had hacked his account and had gained back its access. He further said to avoid clicking on links promoting airdrops and URLs on websites.
After the Co-founder posted, the Twitter account of Sandbox reposted his tweet, confirming that the account was hacked and to avoid clicking on any malicious link to fall victim.
Once the hack was discovered, the Sandbox community requested its users avoid engaging in posts promoting free airdrops, and stay safe until the following official announcement.
It is not the first time hackers targeted Sandbox, or its executives. A few weeks ago, the official Instagram account of the community was hacked to promote some illicit schemes.
Earlier on April 11, 2023, TheCoinRepublic reported that hackers targeted the Instagram of the Sandbox community and tried promoting fraud. In 2022, hackers bypassed two-factor authentication (2FA) and tried to rent Bored Ape Yacht Club (BAYC) NFTs from users.
Significant Contribution of Sandbox in Gaming
According to data, Sandbox is one of the leading game-developing companies in the blockchain industry. Crunchbase data states that the game-developing company has invested in more than seven companies, including Smobler Studios,reNFT, Cyan, LandVault, Cosmo Media Labs, Coinhouse, Kinetix, Yuga Labs, and Everyrealm.
On February 28, 2023, Sandbox moved a step forward for German expansion and acquired Sviper (an independent mobile gaming studio) for an undisclosed amount. The deal to purchase Cualit, a U.S based company, was finalized on May 19, 2022.
Most importantly, Sandbox raised $95 million in four funding rounds and is majorly funded by SoftBank and Adrian Cheng. Other than these, the two investor companies are backed by 12 other investors.
The gaming company will launch more extra advancements and new features by the end of Q3 2023, allowing users to self-publish their experience and mint community-created NFTs.
Sandbox plans to introduce a function in a game enabling the players to create maps on behalf of other players in exchange for rewards and NFTs.
Sand Token Price
At press time native token of Sandbox community SAND token was trading $0.5143 with a 24-hour trading volume of 5.201 million. It is important to note that the SAND price fell over 3.50% in the weekly trading session, and in the 30-day trading range, it slipped 10.70%.
In 52 weeks, the trading range of SAND tokens is $0.3752 and $1.5249.
Technical Levels
Major Support: $0.5061 and $0.4357
Major Resistance: $0.6814 and $0.7863
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
