DeFi and Gaming Bridge Exploits Expose Liquidity and Approval Risk

The Sandbox bridge exploit reportedly enabled minting 329 trillion phantom SAND, worth roughly $49B nominally, while only about $675K was extracted because liquidity constrained monetization. More Markets' reported $9.3M loss from Ankr collateral and E-mode overborrowing adds a reserve-design vulnerability; emergency controls, reimbursement plans, freezes, and recovery efforts across the broader Maya, KelpDAO, MANTRA, Term Finance, Cronos/Tectonic, and Sandbox cluster remain key watch points.