StablR’s EURR and USDR depeg after attacker mints $13.5 million in unbacked tokens through multisig exploit
The Block
StablR stablecoins EURR and USDR lost their pegs after an attacker exploited a weak multisig setup to mint $13.5 million in unauthorized tokens.Summary
Stablecoin issuer StablR suffered a significant security breach when an attacker compromised a private key in the project's 1-of-3 signature multisig wallet. The attacker gained administrative control, allowing them to mint 8.35 million USDR and 4.5 million EURR. This exploit caused both tokens to lose their price pegs, with USDR falling significantly. Security analysts noted the breach stemmed from poor governance and key management practices rather than flaws in the underlying smart contract code.
(Source：The Block)