StablR Stablecoins Exploited, EURR and USDR Depeg After Minting Key Compromise
Estimates of losses range from $2.8 million to $10 million.
Showing 1–4 of 4
Estimates of losses range from $2.8 million to $10 million.
Malta-based stablecoin issuer StablR suffered a security incident on Sunday, after an attacker exploited a weak multisig configuration to mint millions of unbacked EURR and USDR tokens and dump them on decentralized exchange ( DEX) platforms. EURR Drops 24%, and USDR Falls 37% as StablR’s Two Stablecoins Depeg After Key Exploit Reports say the breach […]
Attackers drained nearly $2.8M after minting fake USDR and EURR tokens. USDR and EURR sharply depegged after exploit-driven token dumping on Ethereum. The exploit exposed governance and wallet security risks across DeFi platforms. StablR’s USDR and EURR stablecoins lost their peg after attackers exploited the platform’s minting system and extracted millions of dollars in value. […] The post StablR USD and Euro Tokens Depeg After Multi-Million Dollar Attack appeared first on Live Bitcoin News.
StablR USDR and EURR depeg after a suspected key compromise lets an attacker mint tokens and extract 1,115 ETH worth $2.8M in DEX swaps now.