Record sog_ev_cashio_exploit_batch_k

Infinite-mint exploit compromises Cashio

An attacker bypassed collateral validation and minted unbacked CASH in an infinite-mint exploit.

Date
2022-03-23
Category
Security and chain incident
Subtype
Exploit
Status effect
Restricted or impaired
Recovery
Not applicableNot yet recorded
Evidence
2 source records2 relations

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.
Date2022-03-23
Public event categorySecurity and chain incident
Canonical event subtypeExploit
Structured detail kindSecurity Incident
Stablecoin subjectsCashio Dollar
Organization subjectsCashio
ImpactCritical
Effect on stablecoin lifecycleRestricted or impaired
Canonical status-effect valueImpaired
Recovery or reversalNot applicable
Recovery dateNot Applicable
Cause or mechanismCollateral validation failure enabled unlimited unbacked CASH minting.
Structured detail coverageStructured fields available below
Record confidenceHigh
Date
2022-03-23
Public category
Security and chain incident
Canonical subtype
Exploit
Structured detail kind
Security Incident
Impact
Critical
Status effect
Restricted or impaired
Recovery
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Collateral validation failure enabled unlimited unbacked CASH minting.
Record confidence
High

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.
Stablecoin subject

Cashio Dollar

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Organization subject

Cashio

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Typed record

Structured detail

Event-type-specific facts remain visible with explicit value states.
Structured event detail
Security-incident detail — SummaryCollateral validation failure enabled unlimited unbacked CASH minting.
Security-incident detail — StatusConfirmed
Security-incident detail — Loss or exposurePublished estimates range from approximately $28 million in TVL loss to roughly $52 million in affected assets. (approximate)
Security-incident detail — Summary
Collateral validation failure enabled unlimited unbacked CASH minting.
Security-incident detail — Status
Confirmed
Security-incident detail — Loss or exposure
Published estimates range from approximately $28 million in TVL loss to roughly $52 million in affected assets. (approximate)

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
2 source identities · 2 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M
Published 2022-03-23
CoinDeskIndependent news or analysis
Canonical: News Article
Independent third-party sourceSecondary sourceExploit Date, Infinite Mint, Peg Collapse, Security IncidentArchive index or wildcardHigh
Cashio App Incident Analysis
Published 2022-03-23
CertiKResearch or security report
Canonical: Security Analysis
Independent third-party sourceSecondary sourceExploit Mechanism, Loss Estimate, Remediation, Security IncidentArchive index or wildcardHigh

Maintenance

Corrections and further reading

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