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Record sog_st_cashio

CASHCashio Dollar

Also recorded as CASH, Cashio Dollar, Cashio

Collapsed

Lifecycle: Collapsed
Issuance: Terminated
Reference target: US dollar
Primary organization: Cashio
No additional recorded relationship
Launch: 2021-11-09
Redemption: Terminated
Backing: Crypto-collateralized
Stabilization: Overcollateralized vault
Last review: 2026-06-24
Evidence: 4 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Solana stablecoin backed through Saber-related LP collateral before a March 2022 infinite-mint exploit collapsed the asset and protocol.

Name	Cashio Dollar
Symbol	CASH
Aliases	CASH, Cashio Dollar, Cashio
Asset class	Stablecoin
Lifecycle status	Collapsed
Issuance status	Terminated
Canonical record ID	`sog_st_cashio`
Route slug	`cashio-dollar`
Record confidence	High
Last reviewed	2026-06-24

Name: Cashio Dollar
Symbol: CASH
Aliases: CASH, Cashio Dollar, Cashio
Asset class: Stablecoin
Lifecycle status: Collapsed
Issuance status: Terminated
Canonical record ID: sog_st_cashio
Route slug: cashio-dollar
Record confidence: High
Last reviewed: 2026-06-24

Record coverage

Section	Entries
Organizations	1
Sources	4
Reserve reports	1
Reserve components	1
Model-history events	2
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	4

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Protocol Governed
Primary display organization: Cashio
Primary display role: Protocol operator
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 0
Ended relationships: 1
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 2
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Cashio	Protocol or software system	Protocol or decentralized system	Decentralized / Solana	Protocol operator	Primary display	Not yet recorded	2022-03-23	Ended relationship

Protocol or software system

Cashio

Primary display

Functional role: Protocol operator
Relationship status: Ended relationship
Regulatory character: Protocol or decentralized system
Jurisdiction: Decentralized / Solana
From: Not recorded
Until: 2022-03-23

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Crypto-collateralized
Primary stabilization mechanism: Overcollateralized vault
Redemption / exit model: Terminated
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded

Classification and mechanism details

Reference kind: Fiat
Comparison category: US dollar
Target value: Not yet recorded
Reference methodology: CASH targeted one US dollar through LP-token collateral before the exploit.
Canonical backing types: Stablecoin Collateral, Other
Reserve component categories: Stablecoin Collateral
Recorded model description: Solana Lp Collateralized Protocol Stablecoin
Classification notes: Solana LP-collateralized stablecoin collapsed after an infinite-mint exploit.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Saber USD liquidity-pool collateralStablecoin Collateral · Historical pre-exploit collateral; the validation failure allowed unbacked minting.

Reserve profile

Disclosure status	Historical Protocol Model
Backing types	Stablecoin Collateral, Other
Summary	CASH was collateralized through Saber-related LP and interest-bearing LP positions before the exploit.
As of	2022-03-23
Profile confidence	High

Disclosure status: Historical Protocol Model
Backing types: Stablecoin Collateral, Other
Summary: CASH was collateralized through Saber-related LP and interest-bearing LP positions before the exploit.
As of: 2022-03-23
Profile confidence: High

Redemption profile

Current status	Terminated
Settlement asset	No recorded change
Eligible parties	No functioning route documented after the exploit.
Retail access	Not Available
Institutional access	Not Available
Minimum amount	Not applicable.
Fee	Not applicable.
Settlement time	Not applicable.
Regional limits	Historical Solana protocol asset.

Current status: Terminated
Settlement asset: No recorded change
Eligible parties: No functioning route documented after the exploit.
Retail access: Not Available
Institutional access: Not Available
Minimum amount: Not applicable.
Fee: Not applicable.
Settlement time: Not applicable.
Regional limits: Historical Solana protocol asset.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Cashio / CertiK	Historical Collateral Model	Stablecoin Collateral, Liquidity Pool Tokens	High

Cashio / CertiK

Not yet recorded

Type: Historical Collateral Model
Assets covered: Stablecoin Collateral, Liquidity Pool Tokens
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
Solana	SPL Token	Historical or legacy deployment	Inactive or historical	Identifier not recorded
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Historical Protocol Native Token Recorded status Inactive Change or proposal state No separate change state recorded Canonicality Legacy deployment Canonicality record state Canonicality recorded Verification state Source-linked record; identifier not recorded Contract identity state Identifier not recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 2 Notes Historical Solana CASH deployment. Public product availability is fixed to 2021-11-09. The exact CASH mint and complete program-account map remain unresolved; the 2022-03-23 exploit ended practical operation.

Network

Solana

Inactive or historical

Standard: SPL Token
Deployment type: Historical or legacy deployment
Contract or identifier: Identifier not recorded

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Historical Protocol Native Token
Recorded status: Inactive
Change or proposal state: No separate change state recorded
Canonicality: Legacy deployment
Canonicality record state: Canonicality recorded
Verification state: Source-linked record; identifier not recorded
Contract identity state: Identifier not recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 2
Notes: Historical Solana CASH deployment. Public product availability is fixed to 2021-11-09. The exact CASH mint and complete program-account map remain unresolved; the 2022-03-23 exploit ended practical operation.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

4 source identities · 4 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Cashio protocol repository Published Not yet recorded	Cashio	Technical documentation or repository Canonical: Official Repository	Technical primary source	Primary source	Identity, Solana, Protocol Code, Entity and Contracts	Archive index or wildcard	High
Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M Published 2022-03-23	CoinDesk	Independent news or analysis Canonical: News Article	Independent third-party source	Secondary source	Exploit Date, Infinite Mint, Peg Collapse, Security Incident	Archive index or wildcard	High
Cashio App Incident Analysis Published 2022-03-23	CertiK	Research or security report Canonical: Security Analysis	Independent third-party source	Secondary source	Exploit Mechanism, Loss Estimate, Remediation, Security Incident	Archive index or wildcard	High
Saber Launches CASH / USDC Pool in Partnership with Cashio Published 2021-11-09	Saber Team	Official statement or announcement Canonical: Official Ecosystem Announcement	Subject-controlled source	Primary source	Launch date, Public Mint, Redemption, Liquidity Pool, Swap Availability, Public Launch and Availability	Archive index or wildcard	High

Technical documentation or repository

Cashio protocol repository

High

Publisher: Cashio
Published: Not yet recorded
Provenance: Technical primary source
Primary or secondary: Primary source
Supported claims: Identity, Solana, Protocol Code, Entity and Contracts
Archive: Archive index or wildcard
Reliability: High

Independent news or analysis

Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M

High

Publisher: CoinDesk
Published: 2022-03-23
Provenance: Independent third-party source
Primary or secondary: Secondary source
Supported claims: Exploit Date, Infinite Mint, Peg Collapse, Security Incident
Archive: Archive index or wildcard
Reliability: High

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
Archive: Archive index or wildcard
Reliability: High

Official statement or announcement

Saber Launches CASH / USDC Pool in Partnership with Cashio

High

Publisher: Saber Team
Published: 2021-11-09
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Launch date, Public Mint, Redemption, Liquidity Pool, Swap Availability, Public Launch and Availability
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Loss and Exposure Measurement	Published figures differ between TVL loss and gross affected asset estimates, commonly around $28 million and approximately $52 million.	Unknown after review	High	2026-06-17
Victim Repayment and Remaining Liabilities	The final scope of repayments, recoveries, and unresolved victim claims is not normalized.	Unknown after review	High	2026-06-17

Loss and Exposure Measurement

Published figures differ between TVL loss and gross affected asset estimates, commonly around $28 million and approximately $52 million.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-17

Victim Repayment and Remaining Liabilities

The final scope of repayments, recoveries, and unresolved victim claims is not normalized.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-17

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2022-03-23Infinite-mint exploit compromises CashioSecurity Incident
2022-03-23CASH peg collapses after exploitDepeg

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2021-11-09	Cashio Dollar launches on Solana	Launch and introduction	Launch	Remained active	Not applicable
2022-03-23	Infinite-mint exploit compromises Cashio	Security and chain incident	Exploit	Restricted or impaired	Not applicable
2022-03-23	CASH peg collapses after exploit	Depeg and peg stress	Depeg	Collapsed or failed	Collapsed
2022-03-23	Cashio ceases practical operation	Wind-down and termination	Shutdown Effective	Collapsed or failed	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.