CASH
CASH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CASH (CoinGecko ID: cash-4, Solana contract CASHx9KJUStyftLFWGvEVf59SGeG9sh5FfcnZMVPCASH) corresponds to Cashio, a Solana-based collateralized stablecoin protocol. Five of the six evaluation sections (Active Development, Community Support, Tokenomics, Market and Use Case, and Team and Governance) scored -1.0 due to insufficient data or identity cross-contamination in available sources. The only scorable section is Security and Audit History (1.0/10), which accounts for 100% of the weighted score. The protocol experienced a catastrophic and unresolved qualifying red-flag event: 'On March 23, 2022 (~08:15 UTC), an attacker exploited an infinite-mint vulnerability in Cashio, bypassing incomplete collateral validation checks and minting approximately 2 billion CASH tokens, which were partially swapped for roughly $36.2 million in stablecoins (UST and USDC) and bridged to Ethereum as over 16,000 ETH (~$48 million) (CSIDB).' This resulted in an irreversible collapse and permanent depeg to near-zero value, leaving the token as the artifact of a defunct, exploited protocol.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About CASH (CASH)
CASH (CASH) is a defunct collateralized stablecoin associated with Cashio, a collateralized debt position (CDP) protocol deployed on the Solana blockchain. The token was designed to function as a Solana-based stablecoin minted against eligible liquidity provider (LP) collateral deposited within the protocol's smart contracts.
On March 23, 2022, Cashio suffered a catastrophic smart contract exploit stemming from an infinite-mint vulnerability. The protocol failed to validate the mint field of LP tokens deposited through its saber_swap.arrow integration, allowing an attacker to bypass collateral verification and mint approximately 2 billion unauthorized CASH tokens. The attacker subsequently swapped the minted CASH for roughly $36.2 million in other stablecoins (UST and USDC) and bridged over 16,000 ETH (valued at approximately $48 million at the time) to Ethereum.
The influx of billions of unbacked tokens caused an immediate, permanent depeg and total price collapse to near-zero value. Following the incident, the protocol acknowledged the breach and advised users to withdraw their remaining assets. While the exploiter selectively refunded accounts holding balances under $100,000, the protocol never recovered its reserves or peg. With no prior verified audits and no subsequent development activity, the project was abandoned, leaving CASH as the artifact of a defunct protocol.