Cashio Stablecoin: Not Stable—CASH Loses 99.99995% - Security Boulevard

George Looks Pissed: A hacker drove a stablecoin into the ground yesterday. Cashio, a dollar-backed coin, is now all but worthless, thanks to a simple exploit.

Schadenfreude for those of us who know this tulip-like craze for imaginary money is hilariously dumb.

In today’s #SBBlogwatch, we point and laugh, Nelson-like. At @SecurityBlvd: https://t.co/xjHT9Pp6Cv

— @Richi 😷 Jennings (@RiCHi) March 24, 2022