Reviewed event

CASH peg collapses after exploit

Unlimited unbacked minting caused Cashio Dollar to collapse toward zero and destroyed the protocol's collateral model.

Date
2022-03-23
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
2 sources
1 evidence relation

Connected records

Affected records

Assets and organizations connected to this event.

Sources

Evidence

Sources used for this record, with archival copies where available.
2 source identities · 2 evidence relations
SourcePublisher and dateRelevanceArchive
Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M
Source details
Source category
Independent news or analysis
Provenance
Independent third-party source
Primary or secondary
Secondary source
Reliability
High
CoinDesk
Published 2022-03-23
Exploit Date, Infinite Mint, Peg Collapse, Security IncidentArchive index or wildcard
Cashio App Incident Analysis
Source details
Source category
Research or security report
Provenance
Independent third-party source
Primary or secondary
Secondary source
Reliability
High
CertiK
Published 2022-03-23
Exploit Mechanism, Loss Estimate, Remediation, Security IncidentArchive index or wildcard
Research or security report

Cashio App Incident Analysis

High
Publisher
CertiK
Published
2022-03-23
Provenance
Independent third-party source
Primary or secondary
Secondary source
Supported claims
Exploit Mechanism, Loss Estimate, Remediation, Security Incident
Reliability
High

Maintenance

Corrections and further reading

Use the documented correction path and methodology.