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…
On-chain investigator ZachXBT has flagged an active exploit targeting StablR-linked stablecoin contracts, with losses…
StablR USD (USDR) is categorised as: Stablecoins, USD Stablecoin, Ethereum Ecosystem.
The official StablR USD site is https://www.stablr.com/usdr.
Most recent StablR USD 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.