Cashio – The $52M hack nobody’s talking about

$52m gone. Using a quote unquotes ‘infinite mint glitch’. https://www.youtube.com/watch?v=O1hCLBTD5RM Cashio (CASH), a native stablecoin of Solana had its ticket thoroughly punched by hackers making a mockery of the label stable – yes, this USD pegged stablecoin is now worth one ten thousandth of a dollar. It’s been a while since we covered a brutal exploit like this but they haven’t gone anywhere and this one poses some uncomfortable questions for those like – Saber who endorsed the project. Intrigued? Well, that’s why you should get subscribed innit.

Links

https://twitter.com/CashioApp/status/1506571243067224064?s=20&t=g6ocMTl66f7EhnxWop00yg
https://www.coingecko.com/en/coins/cashio-dollar
https://cashio.app/#/print
https://twitter.com/0xavarek/status/1506812697689550850?s=20&t=Jqu3zEcTdkBYFwTF4bgo7Q

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