StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens
CoinDesk
StablR suspended its USDR and EURR tokens after an attacker exploited a multisignature wallet vulnerability to mint $13.5 million in unbacked assets.Summary
StablR, a Malta-based stablecoin issuer, has halted minting and redemption for its USDR and EURR tokens following a cyberattack that compromised its multisignature wallet. Investigations by GoPlus Security revealed that a weak 1-of-3 signature configuration allowed an attacker to gain administrative control and mint $13.5 million in unbacked tokens. While the attacker realized approximately $2.8 million from the exploit, the company has frozen operations and is working with law enforcement and regulators to address the resulting collateral shortfall.
(Source：CoinDesk)