04:15 Mar 24, 2022 SlowMist Analyzes Cashio Attack: Hackers Illegally Issued 2 Billion $CASH
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).
Source Security Incidents
Stablecoins
Solana
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