Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch'

Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch' (via Timccopeland)

"Please do not mint any CASH. There is an infinite mint glitch. We are investigating the issue and we believe we have found the root cause. Please withdraw your funds from pools. We will publish a postmortem ASAP,"An infinite mint glitch is where a protocol is mistakenly designed in such a way that allows a user to mint as many tokens as they would like, typically without providing any collateral that might otherwise be needed.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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