Incident Overview
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.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.