StablR Exploit Drains $2.8M as Euro Stablecoin Depegs
Cointelegraph
StablR stablecoins have depegged after an attacker exploited a weak multisig private key, stealing approximately $2.8 million.Summary
The stablecoin issuer StablR suffered a $2.8 million exploit due to a compromised private key in its minting multisignature wallet, which used a weak 1-of-3 ownership threshold. The attacker successfully minted millions in EURR and USDR tokens before swapping them on decentralized exchanges. This security failure caused the EURR and USDR stablecoins to lose their peg, dropping significantly in value. Security firm Blockaid attributed the incident to poor key management and governance rather than a smart contract vulnerability.
(Source：Cointelegraph)