StablR freezes USDR, EURR minting after $13.5M exploit on Ethereum
The 1-of-3 multisig meant a single compromised key was enough to mint millions in unbacked tokens — the structural flaw MiCA was supposed to price out of the market just did.
The 1-of-3 multisig meant a single compromised key was enough to mint millions in unbacked tokens — the structural flaw MiCA was supposed to price out of the market just did.
Backed by Tether and Kraken, StablR had no structural defense against a 1-of-3 multisig compromise — the attacker minted unbacked EURR and USDR and drained liquidity into ETH before anyone could…
StablR Euro (EURR) is categorised as: Stablecoins, EUR Stablecoin, Ethereum Ecosystem.
The official StablR Euro site is https://www.stablr.com/eurr.
Most recent StablR Euro coverage: "StablR freezes USDR, EURR minting after $13.5M exploit on Ethereum" — read at /en-US/a/stablr-halts-usdr-and-eurr-after-135m-unbacked-mint.