Event record
Record sog_ev_cashio_peg_collapse_batch_k
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
- Category
- Depeg and peg stress
- Subtype
- Depeg
- Status effect
- Collapsed or failed
- Recovery
- CollapsedNot yet recorded
- Evidence
- 2 source records1 relations
Identity and classification
Overview
Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.| Date | 2022-03-23 |
|---|---|
| Public event category | Depeg and peg stress |
| Canonical event subtype | Depeg |
| Structured detail kind | Depeg |
| Stablecoin subjects | Cashio Dollar |
| Organization subjects | Cashio |
| Impact | Critical |
| Effect on stablecoin lifecycle | Collapsed or failed |
| Canonical status-effect value | Failed |
| Recovery or reversal | Collapsed |
| Recovery date | Not yet recorded |
| Cause or mechanism | Infinite minting of unbacked CASH destroyed the peg. |
| Structured detail coverage | Structured fields available below |
| Record confidence | High |
- Date
- 2022-03-23
- Public category
- Depeg and peg stress
- Canonical subtype
- Depeg
- Structured detail kind
- Depeg
- Impact
- Critical
- Status effect
- Collapsed or failed
- Recovery
- Collapsed
- Recovery date
- Not yet recorded
- Cause or mechanism
- Infinite minting of unbacked CASH destroyed the peg.
- Record confidence
- High
Affected records
Subjects
Stablecoin and organization subjects remain separate record groups.Cashio Dollar
Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.
Cashio
Open the organization record for roles, relationships, events, evidence, and unknowns.
Typed record
Structured detail
Event-type-specific facts remain visible with explicit value states.| Depeg detail — Peg reference | USD |
|---|---|
| Depeg detail — Direction | Below Peg |
| Depeg detail — Extreme price | Not yet recorded |
| Depeg detail — Maximum deviation | Not yet recorded |
| Depeg detail — Duration | Not yet recorded |
| Depeg detail — Recovery status | Collapsed |
| Depeg detail — Recovery date | Not yet recorded |
| Depeg detail — Cause summary | Infinite minting of unbacked CASH destroyed the peg. |
| Depeg detail — Price-source records | Not yet recorded |
- Depeg detail — Peg reference
- USD
- Depeg detail — Direction
- Below Peg
- Depeg detail — Extreme price
- Not yet recorded
- Depeg detail — Maximum deviation
- Not yet recorded
- Depeg detail — Duration
- Not yet recorded
- Depeg detail — Recovery status
- Collapsed
- Depeg detail — Recovery date
- Not yet recorded
- Depeg detail — Cause summary
- Infinite minting of unbacked CASH destroyed the peg.
- Depeg detail — Price-source records
- Not yet recorded
Provenance
Evidence
Source identity, publisher, publication date, reliability, archive, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| 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 |
Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M
- Publisher
- CoinDesk
- Published
- 2022-03-23
- Reliability
- High
- Relations
- 1
Cashio App Incident Analysis
- Publisher
- CertiK
- Published
- 2022-03-23
- Reliability
- High
- Relations
- 0
Maintenance