Solana-Based Cashio App Hit With an ‘Infinite Mint Glitch,’ CASH Stablecoin Drops to Zero

Solana-Based Cashio App Hit With an 'Infinite Mint Glitch,' CASH Stablecoin Drops to ZeroA decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and the project’s stablecoin shuddered from $1 per token to zero. Cashio App Exploited […]

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Solana-Powered Defi Platform Orca Raises $18 Million — AMM Commands Over $300 Million TVL

Solana-Powered Defi Platform Orca Raises $18 Million — AMM Commands Over $300 Million TVLThe decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana. Solana’s Orca Gets an $18 Million Capital Raise On […]

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