Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Cashera is a project that claims to offer a "banking revolution" through its CSR crypto token. The project does a number of things to try to appear legitimate, including linking to government records showing a company named after it is registered in the UK and conducting a smart contract audit courtesy of AuditRateTech. Their website boasts "partners" including VISA, PayPal, Netflix and Spotify. Still, project deployers suddenly minted 23 million CSR tokens, which they exchanged for nearly $90,000 in other assets, plummeting the token value by about 70% in the process. The development team also took the project website offline. Attack method (per SlowMist): Scam. Reported loss: $ 90,000.
- chain
- —
- protocol
- Cashera
- bug_class
- rug
- date_occurred
- 2022-05-09
- loss_usd
- $90,000
- source_id
- sm:cashera::2022-05-09