StablR suffered a loss of approximately 2.8 million dollars due to a hacker attack, and both EURR and USDR have decoupled

By: rootdata|2026/05/24 05:42:43

According to Cointelegraph, blockchain security firm Blockaid disclosed on Sunday that stablecoin issuer StablR is currently facing a sustained attack, resulting in a loss of approximately $2.8 million. The attackers compromised the private key of one of the owners in the minting multi-signature account, taking advantage of the low security threshold that only requires 1/3 of the signatures to operate. They added themselves as an owner and replaced other signers, subsequently minting 8.35 million USDR and 4.5 million EURR. Due to insufficient on-chain liquidity, the attackers exchanged tokens worth approximately $10.4 million for about 1,115 ETH on a decentralized exchange, effectively cashing out around $2.8 million.

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