According to SlowMist security team's analysis, hackers attacked Cashio, an algorithmic stablecoin protocol on Solana, by bypassing an unverified account, illegally issued 2 billion $CASH and converted $CASH into $8,646,022.04 $UST, $17,041,006.5 $USDC and $26,340 ,965.68 $USDT-$USDC LP, total profit value: $52027994.22 USD (about $50 million).
