Cashio Infinite Mint Exploit

Cashio

High
Confirmed
March 23, 2022
Logic Error
$52,000,000.00

Description

An attacker exploited a vulnerability in Cashio's smart contract to mint an unlimited amount of CASH tokens.

Technical Details

The exploit allowed the attacker to create fake collateral accounts that passed verification checks, enabling the minting of unbacked CASH tokens.

Stablecoin
Mint

Exploit Timeline

Exploit Detected

Large minting of unbacked CASH tokens detected.

Protocol Halted

Cashio team disabled further mints.

Audit Announced

Team announced a full security audit.