StablR Stablecoins Depeg After $2.8 Million Exploit
BeInCrypto
StablR's EURR and USDR stablecoins lost their pegs after an attacker exploited a weak 1-of-3 multisig minting contract to steal $2.8 million.Summary
StablR's EURR and USDR stablecoins experienced a depeg on May 24 following an exploit that allowed an attacker to extract approximately $2.8 million. Security firm Blockaid identified the breach as a failure in governance and key management rather than a smart contract vulnerability, noting that the project's 1-of-3 multisig minting threshold enabled the attacker to gain control by compromising a single key. Although the attacker minted tokens with a face value of $10.4 million, thin liquidity in decentralized exchanges limited the actual theft to roughly $2.8 million worth of ETH.
(Source：BeInCrypto)