Cashio Hack Progress: Unable to Pay Back Depositors, if Hackers Return Funds Will Provide $1 Million $USDC Reward

Cashio, a stablecoin project on Solana, issued a report in response to the previous hack, saying that they will take care to review any existing open source protocols that exist on Saber to make sure that user funds are relatively safe. However, in response to the hack, the project does not have the money to repay users for their losses, and Cashio is willing to offer $1 million $USDC as a bounty if the hacker returns the funds. Previously, Cashio had an infinite mint glitch on March 23, where the price of the stablecoin went to near zero and hackers illegally issued 2 billion additional $CASH tokens, making over $50 million in profit.
Source

Stablecoins

Solana

DeFi

Security Incidents

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