CryptoCurrency or CryptoCrap?
Crypto Robin Hood stole $50 million and says he’ll it donate to charity. But the victims just want their money back
According to CashioApp, the hacker or hackers exploited an “infinite mint” glitch to create counterfeit CASH, Cashio’s stablecoin token. The attacker created about 2 billion additional tokens of the cryptocurrency, which the hacker swapped for other kinds of stablecoins via CashioApp, according to an investigation by blockchain intelligence company TRM Labs.
Through several other stablecoin swaps and by using the so-called “bridges,” Jupiter and Wormhole, the hacker moved the funds from the Solana blockchain to the Ethereum blockchain and exchanged it for the cryptocurrency, Ether. The funds were sitting in the attacker’s crypto wallet as of 4 p.m. Friday, said Rita Martin, a blockchain investigator at TRM Labs.
https://finance.yahoo.com/news/crypto-robin-hood-stole-50-23…
The Captain